April 19 Xinhua China — Chongqing Chang’an Automobile Co., Ltd. (000625. SZ: Quote) (200625. SZ: Quote) said Sunday, Chang’an Automobile overseas will substantially realize the approach of endorsing the internationalization method, through a succession of fusions and acquisitions restructuring pursuits to realise the worldwide expansion.
Xu, chairman of the company to remain flat in the 13th Shanghai International Auto Show held in front of a press conference that…
by Zou himfr
April 19 Xinhua China — Chongqing Chang’an Automobile Co., Ltd. (000625. SZ: Quote) (200625. SZ: Quote) said Sunday, Chang’an Automobile overseas will substantially realize the approach of endorsing the internationalization method, through a succession of fusions and acquisitions restructuring pursuits to realise the worldwide expansion.
Xu, chairman of the company to remain flat in the 13th Shanghai International Auto Show held in front of a press conference that “the financial crisis period, to expand overseas and it is possible that an important opportunity.” However, he did not disclose the specific objectives of overseas mergers and acquisitions.
When requested for the acquisition of Ford (F. N: Quote) if there’s interest in Volvo, said Xu Ping, presently nothing less knowledge could be disclosed.
Chang’an Automobile, said a press release provided, to 2012, Changan will invest 20 billion yuan R & D and manufacturing base for the construction of the engine, the Ford Motor Company is the U.S. partner of China.
The financial gathering in addition said that the January to March this year, Changan marketed 306,500 vehicles, an advance of 13%. The third quarter of 2009, Chang’an Hybrid will commence sales for separate someone users, strategies in the next two years, the realization of hybrid sort have been 10,000 sales.
China Association of Automobile Manufacturers released after data showed China’s car sales in March the overall 1,109,800, an increase of 5.01%, of which passenger vehicle sales in March also hit 772,400 of the all-time high, an increase of 10.26 percent, in February than the 607,300 than the growth of Central 27.2%.
Chang’an Automobile A allocations Friday blocked at 7.64 yuan, or 0.23 yuan, or 2.92 percent.
Xu Ping said, “We are energetically doing M & A pursuits at household and overseas, but which, because the chats have not, so there is none I can say.”
He accepts as factual that a economic urgent position if it proceeded longer, several European and American automakers dropped, amalgamation and reorganization, the larger the likelihood of contraction, but the Chinese automobile enterprises do not have much influence, but for the Chinese enterprises to go in the vehicle supply more possibilities for the worldwide market.
He sharp out that the Chang’an Automobile vegetation in Mexico from the viewpoint of the entire of the North American market in alignment to give better play to the effectiveness of the constructing base.
In February this year, Chang’an Automobile AUTOPARK and Mexico noted a plan connection endeavour accord to set up production plants in Mexico, which Chang’s sixth overseas plant.
Ping Xu also said that Changan to strategic cooperation and joint venture partners to continue to deepen the level of cooperation, the joint venture to do a good job and achieve their own brands and joint coordination of common development of the brand.
Changan Ford Mazda Automobile Co., Ltd. by the Chang’an Automobile (000625. SZ: Quote) (200625. SZ: Quote), Ford (F. N: Quote) and Mazda (7261. T: Quote) a tripartite joint venture, the three parties each 50%, 35% and 15% equity. The company’s 2008 sales of passenger cars in China, ranked No. 10 industries.
The Chang’an Automobile, Shanghai Auto will launch Cheung Yuet Cheung HS, Alto and other new types as well as the number of unconnected R & D engine.
** In rank to micro-oriented, car-based **
Xu Ping, introduced in the Chang’an Automobile sales in the first quarter, small displacement vehicles of relatively rapid growth, including micro-cars increased more than 40%, reflecting the revitalization of the national industrial policy impact on the market, but also the layout of the company ahead of time to open up the results of micro-car market .
He sharp out that round the next three years Changan will adhere to the “micro-oriented, car-oriented” development scheme to farther boost the micro-car R & D, expansion efforts, especially in the building of trading passages and systems to elaborate to country areas.
Bao-Lin Zhang, general manager of Changan Automobile said that the next 3-5 years, Changan will launch 10 own brand cars, five micro-car brand, with the aim of self-brand cars to enter the top three in the Chinese market.
The company’s press distribute in addition incisive out that in 2012 strategies to realise annual sales of drive vehicles for more than two million, the market share of throughout 15%, of which micro-car to arrive at about one million motor vehicles arrived at 800,000, about 12% market share .
Ping Xu furthermore said that Chang will extend to encourage the new power vehicle development and the customary going by car force for vehicle upgrades, the next five years, hybrid, untainted electric driven vehicles is the aim of strategic investment.
Deputy General Manager of Changan Automobile said the Ministry of Finance with the introduction of new power vehicles grant principle, which is anticipated to have 1,000 next year will be the capacity of Changan hybrid vehicles in 13 foremost towns over the homeland check run. With the expansion of output and sales, new power, vehicle output and will step-by-step decrease the acquisition cost.
China’s Ministry of Finance said beforehand, the midpoint government on the pay for of energy-saving and new vitality vehicle by comparable vehicle supported on the conventional send, will give due attention to the amount of the effect of elements for instance technological developments to give a one-time fastened subsidies. Of commuter motor vehicles and light-weight economic vehicles, hybrid vehicles supported on hybrid and fuel economic procedure is pulled apart into 5 records, the largest funding for each 50,000 yuan; wholesome electrical vehicles per 60,000 yuan of subsidies; extra funds for fuel cell vehicles per 250,000 million.
