UPDATE 2-China's biggest auto tie-up valued at $171.6 mln

Newswire

(adds FAW-Toyota cooperation, analyst comment) By Tiffany Wu SHANGHAI, Aug 29 (Reuters) - China's top auto group, FAW, will take a controlling stake in the country's fourth largest car maker for 1.42 billion yuan ($171.6 million) in a landmark merger aimed at fending off increasing foreign competition. The tie-up, first announced in June, also helps cement a budding partnership between the Chinese firms and Japan's largest automaker, Toyota Motor Corp , analysts said. Compact car ...

Premium Content (PAID Subscription Required)

"UPDATE 2-China's biggest auto tie-up valued at $171.6 mln" 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: lwilliamson@wardsauto.com or phone: (248) 799-2642
 

Current subscribers, please login or CLICK for support information.

Already registered? here.
Insights

Nov 21, 2016
Video
WardsAuto

2017 Wards 10 Best Engines: Less Is More With Four

Fun-to-drive is a key 10 Best Engines measure when it comes to small-displacement, high-performance four-bangers....More

Newswire

Diesels Power Profit Gains by VW's Lending Unit  

Volkswagen Financial Services cites increased demand for diesel cars in upgrading its projected 2016 profit from €1.92 billion to a record €2.1 billion....More

Enewsletters

Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×