Changan Acquires AVIC Units to Become 3rd Largest Automaker in China
Green Car Congress
NOVEMBER 11, 2009
The state parent of China’s Chang’an Automobile Group is taking over five vehicle units of the Aviation Industry Corp of China (AVIC) to create the third-largest automaker in China. SAIC and FAW Group hold the top two slots. AVIC will hold a 23% stake in the new Chang’an Group.
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