M&A in auto sector calls for structural adjustment

• Source: Ce.cn
• [10:52 July 30 2009]
• Comments

Secondly, the restructuring of complete vehicle companies will inevitably break the existing parts and accessories matchable system, which will therefore contribute to the restructuring and merger of parts and accessories companies.

Moreover, the current competition among auto companies is not limited to complete vehicle products; there is more industry chain competition. Some auto companies, like Changan Automobile, have begun to focus on the whole auto industry chain. Against such a background, the merger and restructuring of parts and accessories companies is certain to be accelerated.

With the promotion of national policies, the merger and restructuring of auto companies have become the new momentum of China's auto industry development this year, which will play an active role in making China a powerful automobile producer from a large one.