SHANGHAI, Feb 24 (Reuters) - A Chinese government plan to strengthen the automobile sector aims to reduce the number of major auto-making groups through mergers to 10 at most from 14, the official China Securities Journal reported on Tuesday. The plan, approved by the cabinet this month, also says the government will provide subsidies worth 5 billion yuan ($732 million) between March and the end of 2009 to aid purchases of autos in rural areas, the newspaper quoted unnamed sources as ...
Premium Content (PAID Subscription Required)
"China aims to cut auto groups to 10 from 14-paper" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.