Guangzhou Automobile Group Co. Ltd., the Chinese joint-venture partner of Honda Motor Co. Ltd. and Toyota Motor Corp., reportedly is in talks with Hunan Changfeng Motor Co. Ltd. regarding a possible merger. “We have been in contact over the past few months,” the Shanghai Daily quotes an unnamed Guangzhou official as saying. “Both companies have proposals but we haven’t gone through all the details.” Another media report says Guangzhou plans to buy Hunan Changfeng by the end of the year ...
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