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Major restructures of auto industry over past 10 years
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China's auto industry has experienced quite a number of mergers and acquisitions over the past 10 years. The process has accelerated this year, backed by government policies aimed at boosting the sector. Let's go through a brief review.
June 14, 2002
FAW merges with Tianjin Auto
The Chinese auto industry's largest merger to that point
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May 29, 2005
Chang'an Auto merges with Jiangling Auto
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December 26, 2007
SAIC buys Nanjing Auto from Yuejin Group
SAIC becomes China's number 1 auto maker
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May 21, 2009
Guangzhou Auto acquires stake in Changfeng Auto
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July 25, 2009
BYD Auto acquires Hunan Midea Coach
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October 9, 2009
Tengzhong Industry & Hummer sign $150 mln acquisition deal
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October 28, 2009
Ford Motors names Geely as the preferred Chinese bidder for its Swedish unit, Volvo
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