CHINA: Dongdeng Automobile to swap parent's truck making stake for its share of electric vehicle maker - report
Truck manufacturer Dongfeng Automobile Co. said on Monday it will swap its stake in an electric vehicle manufacturer for its parent's stake in a truck maker, Dow Jones Newswires reported. Dongfeng Automobile reportedly said its 36.4% stake in a company that makes electric vehicles for parks was valued at 18.8 million yuan, while parent Dong Feng Motor Corp.'s 51% stake in a Xiangfan city truck maker was valued at CNY29.8 million.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable