March 03, 2009

Just Say No to Foreign Acquisitions Beijing Tells Car Makers

An official of the powerful National Reform and Development Commission in Beijing said today that Chinese automakers are not ready to take on foreign acquisitions from troubled big auto companies (i.e., America's "Big Three"). Geely, Chery, Chang'An, and Dongfeng all have ambitious desires to acquire a foreign brand. ChangAn and Dongfeng are pursuing Volvo and may make a bid in April...

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