Auto Merger to Reshape the Domestic Industry
Shanghai Automotive Industry Corp and Yuejin Motor Group yesterday created the biggest merger in the history of China’s automobile industry.
The signing ceremony was held in Beijing for the merger between SAIC and Yuejin’s Nanjing Automobile (Group) Corp.
Analysts were quick to say that more mergers are likely in the auto industry.
“Compared with the cooperation agreement, the [...]
