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China auto industry has experienced several big mergers and acquisitions in the past ten years. In the year of 2009, the merge process has geared up because of the Chinese government"s related policies. Let"s take a closed look about these issues.
June 14, 2002: FAW merges with Tianjin Auto (China largest merger in auto industry at this time)
May 29, 2005: Chang"an Auto merges with Jiangling Auto
December 26, 2007: SAIC buys Nanjing Auto from Yuejin Group (SAIC becomes largest automaker in China)
May 21, 2009: Guangzhou Auto acquires stake in Changfeng Auto
July 25, 2009: BYD Auto acquires Hunan Midea Coach
October 9, 2009: Tengzhong Industry & Hummer sign $150 mln acquisition deal
October 28, 2009: Ford Motors names Geely as the preferred Chinese bidder for its Swedish auto brand Volvo