Xu, person in accuse of the financial gathering to continue flat in the 13th Shanghai International Auto Show held in front of a press group debate that “the fiscal critical purpose interval, to extend overseas and it is probable that an valued opportunity.” However, he did not divulge the precise objectives of overseas fusions and acquisitions.
When inquired for the acquisition of Ford (F. N: Quote) if there's interest in Volvo, said Xu Ping, actually nothing less data could be disclosed.
Chang'an automobile, said a press release provided, to 2012, Changan will invest 20 billion yuan R & D and manufacturing base for the construction of the engine, the Ford Motor Company is the U.S. partner 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 liberated after written knowledge presented China's motor vehicle sales in March the complete 1,109,800, an advance of 5.01%, of which commuter vehicle sales in March in addition bang 772,400 of the all-time high, an advance of 10.26 out of 100, in February than the 607,300 than the expansion 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 trusts that a fiscal critical purpose if it carried on longer, some European and American automakers plunged, joining and reorganization, the bigger the prospect of contraction, but the Chinese automobile enterprises do not have much consequence, but for the Chinese enterprises to move into the motor vehicle give more possibilities for the global market.
He incisive out that the Chang'an automobile vegetation in Mexico from the consideration of the total of the North American market in rank to give better play to the effectiveness of the fabricating 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 in addition said that Changan to strategic support and connection endeavour partners to carry on to increase the extent down the stage of support, the connection endeavour to do a good job and realise their own brand labels and connection coordination of universal 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 junction project, the three parties each 50%, 35% and 15% equity. The company's 2008 sales of traveller vehicles in China, graded 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 order 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 incisive out that throughout the next three years Changan will adhere to the “micro-oriented, car-oriented” development approach to farther advance the micro-car R & D, expansion efforts, mostly in the makeup of selling paths and webs to extend to countryside areas.
Bao-Lin Zhang, general supervisor of Changan automobile said that the next 3-5 years, Changan will launch 10 own emblem vehicles, five micro-car emblem, with the aim of self-brand vehicles to go in the peak three in the Chinese market.
The company's press distribute in addition incisive out that in 2012 strategies to realise annual sales of drive vehicles for more than two million, the market share of throughout 15%, of which micro-car to arrive at about one million motor vehicles arrived at 800,000, about 12% market share .
Ping Xu furthermore said that Chang will extend to encourage the new power vehicle development and the customary going by car force for vehicle upgrades, the next five years, hybrid, untainted electric driven vehicles is the aim of strategic investment.
Deputy General Manager of Changan automobile said the Ministry of Finance with the introduction of new vitality vehicles funding guideline, which is looked frontwards to to have 1,000 next year will be the size of Changan hybrid vehicles in 13 greatest habitation through the nation investigate run. With the expansion of goods produced and sales, new vitality, motor vehicle goods produced and will slowly lessen the acquisition cost.
China's Ministry of Finance said earlier, the central government on the purchase of energy-saving and new energy vehicle by similar vehicle based on the traditional post, will give due consideration to the size of the effect of factors such as technological advances to give a one-time fixed subsidies. Of passenger cars and light commercial vehicles, hybrid vehicles based on hybrid and fuel economy is divided into 5 files, the maximum subsidy for each 50,000 yuan; pure electric vehicles per 60,000 yuan of subsidies; subsidies for fuel cell vehicles per 250,000 million.
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