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BAIC may buy Fujian Motor and Chrysler

In China's Automotive Industry Readjustment and Revitalization Plan Beijing Automotive Industry (Holding) Corp. (BAIC) is listed as one of natio's eight premier automobile groups eligible to lead in mergers and acquisitions. Inside sources recently revealed that BAIC may soon receive from the Beijing municipal government financial support to the tune

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Industry consolidation a tough call for the Revitalization Program

One of the goals of the Automotive Industry Revitalization Program to be formally released to the public this week is to encourage industry consolidation. According to the Revitalization Program approved by the State Council, China's Cabinet, the government will encourage mergers and acquisitions among leading automobile group corporations so that

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Automotive Revitalization Program to be China’s new industry policy

Specific measures of China's Automotive Industry Revitalization Program are being circulated within China's automotive circles and expected to be released soon to the public, according to an insider who has been involved in drafting the Program. Earlier on January 20, the State Council, China's cabinet, announced the adoption of the

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Automotive Industry Revitalization Program to help drive demand

The first New Year's message for China's automotive sector is that the government is all set to institute an Automotive Industry Revitalization Program soon, according to local media reports. The Automotive Industry Revitalization Program will include decisions to reduce or eliminate vehicle purchase tax and consumption tax, subsidize new energy

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