|Headquarters||Guangzhou, Guangdong, China|
|Key people||Chairman: Mr. Zhang Fangyou|
Guangzhou Automobile Group Co., Ltd. is a Chinese automobile manufacturer. It is also known as Guangzhou Automobile or GAIG.
It was founded on June 8, 2000 from the merger of Guangzhou Automobile Group Co., Ltd. and Guangzhou Motors Group Company (previously Guangzhou Wuyang Group Company). The group is authorized by the Guangzhou City Government to operate state owned assets. The corporation receives considerable support from Guangdong Province and Guangzhou City to develop the automotive industry in the province.
Guangzhou Automobile Group Co Ltd was founded in 1997, and by 2005 it had become a holding of Guangzhou Automobile Industry Group and a joint-stock company. As of 2009 it is the 6th largest automaker in China.
In 2010 shareholders of Denway Motors, at the time a listed company partially (37.9%) owned by Guangzhou Automobile Group, approved its own privatization. Denway Motors could then be delisted on 25 August 2010 and replaced by the listing of Guangzhou Automobile Group on 30 August 2010 via stock swap.
Joint ventures and subsidiariesEdit
Guangzhou Automobile Group has part ownership of a number of automotive manufacturing companies.
- Main article: Changfeng Automobile
As of 2009 Guangzhou Automobile Group has 29% ownership of this SUV-maker its share purchase supposedly imposed by the Chinese State as a condition of an upcoming joint venture with Fiat. This as-yet-unnamed Fiat joint venture will utilize Changfeng's production bases in Hunan Province.
Mitsubishi joint ventureEdit
In early November 2010 Mitsubishi and Guangzhou Automobile Group signed a memorandum of understanding to set up a new equally-owned joint venture by restructuring Changfeng, a Chinese auto-making company owned by both Mitsubishi and GAC, et al.
Guangqi Honda AutomobileEdit
- Main article: Guangqi Honda Automobile
Guangzhou Automobile Group AutobusEdit
- Main article: Guangzhou Automobile Group Bus
Guangzhou Peugeot AutomobileEdit
- Main article: Guangzhou Peugeot Automobile Company
One of the first Sino-western joint venture auto-making companies, Guangzhou Peugeot Automobile Co Ltd is a failed joint venture set up through negotiation by PSA Peugeot Citroën and the Guangzhou Municipal government, which existed between 1985 and 1997. Over its eleven-year lifespan, the company only recorded production of 100,000 cars.
GAC Fiat Automobiles Co LtdEdit
- Main article: GAC Fiat
Fiat signed on to a joint venture with Guangzhou Automobile Group on 6 July 2009, and GAC FIAT Automobiles Co Ltd was incorporated on 9 March 2010. The new company will have a production base in Changsha, Hunan Province, which is expected to become operational in July 2012 and manufacture the Linea sedan.
Production capacity will increase to 250,000 vehicles, 300,000 engines per year from an initial 140,000 vehicles and 220,000 engines.
Guangi Hino Motors Co Ltd Edit
- Guangqi Hino Motors Co Ltd - heavy trucks and engines (formerly Guangzhou Yangcheng Automobile Co Ltd and Shenyang Hino Automobile Manufacturing Co Ltd
- GAIG - company web site
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- ↑ 1.0 1.1 Milestones Guangzhou Automobile Industry Group Official Site
- ↑ Sales surge, but congestion concerns rise people.com.cn, November 15, 2010
- ↑ GAC listed after 8-year marathon people.com.cn, September 06, 2010
- ↑ China Car Market 101: Who Makes All Those 18 Million Cars? thetruthaboutcars.com, January 19, 2011
- ↑ Company Profile Guangzhou Automobile Group Official Site (Text-only Google cache)
- ↑ Guangzhou Automobile Group Co., Ltd. businessweek.com, Company Snapshot
- ↑ Home > About us > Company Profile Guangzhou Automobile Group Co Ltd Official Site
- ↑ "Denway Motors gets nod for privatisation". Reuters.com. Retrieved on 2010-10-25.
- ↑ Chiu, Joanne (2010-07-16). "Denway Motors's Shareholders Approve Share Swap". Online.wsj.com. Retrieved on 2010-10-25.
- ↑ GAC Gonow reveals next five-year plan globaltimes.cn, March/21/2011
- UPDATE 1-Guangzhou Auto to buy into Changfeng Motor -source reuters.com, Tue May 19, 2009 3:24am EDT
- UPDATE 2-Changan Auto claims China's No.3 spot with AVIC deal reuters.com, Tue Nov 10, 2009 4:55am EST
- "Guangzhou Auto buys 29% of Changfeng Auto". China Car Times (2009-05-20). Retrieved on 2010-11-17.
- ↑ 13.0 13.1 Mainland carmakers to merge with rivals and stop overcapacity Kandy Wong. South China Morning Post. Hong Kong: Jan 30, 2010.
- ↑ "Mitsubishi, GAC Sign Joint Venture MOU, to Build ASX Compact SUV", ChinaAutoWeb.com.
- ↑ China's Guangqi Honda at 95 pct of 2009 sales target reuters.com, Sun Nov 22, 2009 8:30pm EST
- ↑ UPDATE 1-Honda targets China sales of 730,000 units in 2011 reuters.com, Fri Dec 17, 2010 1:05am EST
- ↑ 17.0 17.1 About Guangzhou Automobile Group Autobus Official Site
- ↑ 18.0 18.1 Changing lanes in China: foreign direct investment, local government, and auto sector development (page 137) Eric Thun. Cambridge University Press, 2006. 326 pages.
- ↑ China CEO: a case guide for business leaders in China (page 78) Juan Antonio Fernandez, Liu Shengjun. John Wiley and Sons, 2007. 286 pages.
- ↑ 20.0 20.1 China CEO: a case guide for business leaders in China (page 86) Juan Antonio Fernandez, Liu Shengjun. John Wiley and Sons, 2007. 286 pages.
- ↑ Changing lanes in China: foreign direct investment, local government, and auto sector development (page 138) Eric Thun. Cambridge University Press, 2006. 326 pages.
- ↑ http://www.gacfiatauto.com/
- ↑ 23.0 23.1 Fiat Focuses on China businessweek.com, July 7, 2009, 12:14PM EST
- ↑ Company Profile GAC Fiat Official Site
- ↑ 25.0 25.1 GAC-Fiat ceremony heralds joint venture Han Tianyang (China Daily) 2009-11-30 08:03
- ↑ Parts for Toyota, Honda's south China JVs enough till mid-April reuters.com, Wed Mar 23, 2011 2:45am EDT