*Plan would merge carmakers into at most 10 big groups vs 14 *Cabinet also OKs 5 bln yuan subsidies for auto purchases *Government seen finally getting serious about consolidation (Adds analyst comment, background) By Fang Yan SHANGHAI, Feb 24 (Reuters) - The Chinese government aims to cut the number of major auto-making groups through mergers to 10 at most from 14, an official newspaper reported, as the global economic crisis adds urgency to restructuring the fragmented sector. ...
Premium Content (PAID Subscription Required)
"UPDATE 1-China aims to merge automakers as economy falters" 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!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642