China auto groups to vie for big producer status

Newswire

SHANGHAI, Feb 25 (Reuters) - China has chosen four auto-making groups to lead mergers and compete to become large-scale producers, as part of an industry restructuring plan, the official Shanghai Securities Journal said on Wednesday. The four groups are: SAIC Motor, parent of SAIC Motor Corp ; FAW, parent of FAW Car Co and FAW Xiali Automobile Co ; Dongfeng, parent of Dongfeng Automobile Co and Dongfeng Motor Group Co ; and Changan, parent of Changan Automobile Co . They would be ...

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