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Recently, some Chinese automakers and component makers expand their business in overseas market. Overseas mergers and acquisitions are important measures to realize the expansion.
For example, Beijing West Industries Group of China cooperated with Delphi Corporation; China Sichuan Tengchong Heavy Industrial Machinery inked a deal with General Motors. Those cooperations will bring many new opportunities to Chinese auto industry. China automakers take advantage of the global financial crisis to overtake the world"s auto giants.
Many auto experts believe that China"s auto industry has just stepped up and the best way to go global is through mergers and acquisitions. However, domestic auto manufacturers need to pay more attentions to some problems, such as different culture, products, development level, etc.