CHINA: First Auto Works takes 51% stake In Tianjin Xiali
First Automotive Works, one of China's top three carmakers has taken a controlling 50.98% stake in Tianjin Automotive Xiali Co. The consolidation move is being interpreted as a reaction to more competitive market conditions and China's entry to the WTO. The Chinese government has said in the past that it wants to create two or three globally competitive car producers to strengthen a fragmented industry.
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