Suzuki, Changan seek approval to merge JVs -paper


BEIJING, Sept 29 (Reuters) - Suzuki Motor Corp and its Chinese partner China Changan are seeking Chinese regulatory approval to merge their two joint ventures into one entity, a Chinese newspaper said. Suzuki and Changan plan to set up a new 50-50 joint venture, the 21th Century Business Herald said, citing a unidentified source. That would streamline the complex Changan-Suzuki ties and make Suzuki an equal partner in any future business decisions, it said. Currently Suzuki hold a 49 ...

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