SHANGHAI — The Shanghai Bus Mfg. Co. and the Shanghai Feiyi Automotive Co. Ltd., the city's two largest bus manufacturers, have merged, giving the new company a combined registered capital of US$21.7 million. Industry insiders say the move is a major step for this leading industrial city in its attempt to build the auto industry into a pillar of local economy. The new company, called the Shanghai Bus Mfg. Co. Ltd., is co-funded by the Shanghai Automotive Industry Corp. (SAIC), the ...

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