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Overview: Chinese auto-makers' mergers and acquisitions in past decade

08-03-2010 09:02 BJT

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In the past decade, Chinese auto-makers have undergone rapid expansion. To acquire technology, management expertise and brands to support the explosive growth, many Chinese auto-makers have ventured abroad and actively taken part in mergers and acquisitions.

In 2009, Geely bought an Australian auto-parts supplier Drivertrain System International. The world's second largest gearbox producer will enhance Geely's cars with advanced automatic transmissions.

In 2005, the Shanghai Automotive Industry Corporation Group, China's biggest auto-maker took over the collapsed British brand MG and transformed it into a popular domestic brand called Roewe.

However, the company's previously acquired South Korean Ssangyong Motor ended up in receivership as sales collapsed and cash drained.

Editor:Zhang Jingya |Source: CNTV.cn

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