US EditionChina Shelves Restructuring Plan to Merge Changan and Dongfeng · TechNode
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It would have become one of the largest car manufacturers in the world, but the local resistance was too great. That is bad news for German manufacturers.
·Frankfurt, Germany
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China shelves restructuring plan to merge Changan and Dongfeng · TechNode
China has shelved a months-long restructuring plan to merge two of its biggest state-owned automakers, Changan and Dongfeng, into one group. Instead, it will promote Changan to a standalone, centrally administered state-owned enterprise, separating it from its current parent company, China South Industries Group. Mainland-listed Changan Automobile announced the plan in a regulatory filing Thursday. Dongfeng Motor Group, meanwhile, said in a sepa…
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