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April 19 Xinhua China --- Chongqing Chang'an Automobile Co., Ltd. (000625. SZ: Quote) (200625. SZ: Quote) said Sunday, Chang'an Automobile overseas will solidly apply the scheme of encouraging the internationalization method, through a sequence of amalgamations and acquisitions restructuring undertakings to accomplish the international expansion.
Xu, head individual of the business to stay flat in the 13th Shanghai International Auto Show held in front of a press seminar that "the economic urgent position time span, to elaborate overseas and it is likely that an significant opportunity." However, he did not reveal the exact objectives of overseas amalgamations and acquisitions.
When requested for the acquisition of Ford (F. N: Quote) if there's interest in Volvo, said Xu Ping, presently nothing less knowledge could be disclosed.
Chang'an Automobile, said a press distribute gave, to 2012, Changan will invest 20 billion yuan R & D and fabricating foundation for the makeup of the motor, the Ford Motor Company is the U.S. associate of China.
The business furthermore said that the January to March this year, Changan traded 306,500 vehicles, an boost of 13%. The third quarter of 2009, Chang'an Hybrid will start sales for one-by-one users, designs in the next two years, the realization of hybrid kind have been 10,000 sales.
China Association of Automobile Manufacturers released after data showed China's car sales in March the overall 1,109,800, an increase of 5.01%, of which passenger vehicle sales in March also hit 772,400 of the all-time high, an increase of 10.26 percent, in February than the 607,300 than the growth of Central 27.2%.
Chang'an Automobile A allocations Friday blocked at 7.64 yuan, or 0.23 yuan, or 2.92 percent.
Xu Ping said, "We are energetically doing M & A pursuits at household and overseas, but which, because the chats have not, so there is none I can say."
He accepts as factual that a economic urgent position if it proceeded longer, several European and American automakers dropped, amalgamation and reorganization, the larger the likelihood of contraction, but the Chinese automobile enterprises do not have much influence, but for the Chinese enterprises to go in the vehicle supply more possibilities for the worldwide market.
He sharp out that the Chang'an Automobile vegetation in Mexico from the viewpoint of the entire of the North American market in alignment to give better play to the effectiveness of the constructing base.
In February this year, Chang'an Automobile AUTOPARK and Mexico marked a structure junction project affirmation to set up manufacturers in Mexico, which Chang's sixth overseas plant.
Ping Xu furthermore said that Changan to strategic collaboration and junction project partners to extend to make deeper the grade of collaboration, the junction project to do a good job and accomplish their own emblems and junction coordination of widespread development of the brand.
Changan Ford Mazda Automobile Co., Ltd. by the Chang'an Automobile (000625. SZ: Quote) (200625. SZ: Quote), Ford (F. N: Quote) and Mazda (7261. T: Quote) a tripartite joint venture, the three parties each 50%, 35% and 15% equity. The company's 2008 sales of passenger cars in China, ranked No. 10 industries.
The Chang'an Automobile, Shanghai Auto will launch Cheung Yuet Cheung HS, Alto and other new types as well as the number of unconnected R & D engine.
** In alignment to micro-oriented, car-based **
Xu Ping, ushered in in the Chang'an Automobile sales in the first quarter, tiny displacement vehicles of quite quick expansion, embracing micro-cars advanced more than 40%, considering the revitalization of the countrywide highly-developed guideline consequence on the market, but in addition the layout of the financial gathering before time to open up the effects of micro-car market .
He pointed out that around the next three years Changan will adhere to the "micro-oriented, car-oriented" development strategy to further increase the micro-car R & D, expansion efforts, particularly in the construction of marketing channels and networks to expand to rural areas.
Bao-Lin Zhang, general director of Changan Automobile said that the next 3-5 years, Changan will launch 10 own brand label motor vehicles, five micro-car brand label, with the aim of self-brand motor vehicles to move into the apex three in the Chinese market.
The company's press release also pointed out that in 2012 plans to achieve annual sales of motor vehicles for more than two million, the market share of around 15%, of which micro-car to reach about one million cars reached 800,000, about 12% market share .
Ping Xu also said that Chang will continue to promote the new energy vehicle development and the traditional driving force for car upgrades, the next five years, hybrid, pure electric vehicles is the focus of strategic investment.
Deputy General Manager of Changan Automobile said the Ministry of Finance with the introduction of new power vehicles grant principle, which is anticipated to have 1,000 next year will be the capacity of Changan hybrid vehicles in 13 foremost towns over the homeland check run. With the expansion of output and sales, new power, vehicle output and will step-by-step decrease the acquisition cost.
China's Ministry of Finance said previous, the centered government on the buy of energy-saving and new power vehicle by alike vehicle founded on the customary mail, will give due concern to the dimensions of the effect of components for example technological improvement to give a one-time repaired subsidies. Of traveller vehicles and lightweight financial vehicles, hybrid vehicles founded on hybrid and fuel finances is split up into 5 documents, the greatest grant for each 50,000 yuan; untainted electric driven vehicles per 60,000 yuan of subsidies; grants for fuel cell vehicles per 250,000 million. - 21392
