Milestone merger reshapes Suzuki

0 CommentsPrint E-mail China Daily, March 29, 2010
Adjust font size:

A Suzuki model at an auto expo in Chongqing [CFP]

A Suzuki model at an auto expo in Chongqing [CFP]

Japanese automaker Suzuki Motor Corp's two joint ventures in China are expected to soon be combined into a single entity after a milestone merger between its Chinese partners.

A top executive from State-owned Chang'an Motor Corp, China's third-biggest auto group, said "we are studying" the amalgamation between Chang'an Suzuki and Changhe Automobile Co Ltd. "We will make it soon."

Chang'an Suzuki operates in Chongqing municipality in the nation' southwest, while Changhe Suzuki has its production facilities in East China's Jiangxi province.

In November, Chang'an signed an agreement with Aviation Industry Corp of China (AVIC), a State-owned aircraft maker, to take over its main auto assets including Changhe, the joint venture Changhe Suzuki and others.

In return, AVIC received a 23 percent stake in the enlarged Chang'an from the carmaker's parent China Weaponry Equipment. The deal represented the biggest merger in China's auto industry.

In preparation for merger of the two joint ventures, Chang'an reshuffled the top management at Changhe.

In January, Zou Wenchao, former vice-president of Chang'an and executive vice-president of the group's joint venture with Ford Motor Co, was named chairman of Changhe.

Li Li, also former vice-president of Chang'an, was designated general manager of Changhe.

A top official from Suzuki China recently announced that the Japanese automaker supports the merger of Chang'an Suzuki and Changhe Suzuki. The Japanese company expects to combine sales networks as the first step.

Chang'an Suzuki, formed in 1993 with a registered capital of $190 million, produces Suzuki's SX4, Swift and Alto micro and subcompact cars. It now has an annual production capacity of 200,000 vehicles and 200,000 engines. It has more than 3,000 employees.

Sales by the joint venture rose by 21 percent last year to 150,069 vehicles. It aims to move 180,000 units this year, according to data from market research firm JD Power.

Changhe Suzuki was established in 1995 with a registered capital of $251.8 million. It has the capacity to manufacture 200,000 micro buses and cars as well as 150,000 engines.

It has almost 2,000 employees. Its sales grew by 26 percent to 89,968 units last year.

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 欧美人与动牲高清| 看一级毛片女人洗澡| 国产福利精品视频| 99精品国产在这里白浆| 成人免费公开视频| 久久久噜噜噜久久中文字幕色伊伊 | 1000部拍拍拍18勿入免费视频下载| 天天躁日日躁狠狠久久| 中国国产aa一级毛片| 日本久久久久亚洲中字幕| 二级毛片免费观看全程| 欧美性大战XXXXX久久久√| 亚洲精品成人区在线观看| 男女啪啪进出阳道猛进| 午夜精品一区二区三区在线观看| 色爱无码av综合区| 国产在线精品国自产拍影院午夜 | 精彩视频一区二区| 国产一区在线mmai| 风间由美性色一区二区三区| 国产欧美日韩综合精品一区二区 | 国产对白受不了了中文对白| 884hutv四虎永久7777| 国产综合无码一区二区色蜜蜜 | 成人亚洲欧美激情在线电影| 丰满人妻熟妇乱又伦精品| 日韩av无码精品一二三区| 九九免费精品视频在这里| 校园性教k8版在线观看| 亚洲免费在线观看视频| 欧美日韩国产伦理| 亚洲欧美日韩一级特黄在线| 波多野结衣视频在线免费观看| 先锋影音av资源网| 管家婆有哪些版本| 午夜a级理论片在线播放| 美国式禁忌矿桥矿网第11集| 啊灬啊灬啊灬快灬别进去| 色偷偷AV老熟女| 国产三级精品三级在专区中文| 韩国出轨的女人|