[ROVERNET - UK] For you Chinese Rover people: China's Largest
rovercar at comcast.net
Tue Jan 1 04:16:56 GMT 2008
Chinas two largest car
manufacturers, Nanjing Automotive Corporation (NAC) and Shanghai
Automotive (SAIC) merged at a conference held recently in Beijing.
There was fierce rivalry between the two automakers, with both companies
owning parts of what was once the MG Rover corporation. It took five
months to come to an agreement regarding the merger, but SAIC finally
bought out NAC for nearly $300m.
The two companies have agreed to merge all their combined resources,
including research and design, sales and marketing, manufacturing and
supply chain management, though the company will continue to trade under
The aim is to make SAIC into a large global manufacturer by giving it
access to the MG brand and NACs more modern, larger production
facilities, whilst NAC leads the operation in the home market.
This is essentially a complete restructuring of the Chinese automotive
industry; something the Chinese authorities were keen to see happen in
order to make the countrys car industry more competitive.
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