Chang’an Automobile restructuring arrange to realise through a succession of fusions and acquisitions in the worldwide expansion of

April 19 Xinhua China — Chongqing Chang’an Automobile Co., Ltd. (000625. SZ: Quote) (200625. SZ: Quote) said Sunday, Chang’an Automobile overseas will firmly implement the strategy of promoting the internationalization process, through a series of mergers and acquisitions restructuring activities to achieve the global expansion.

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 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 issue supplied, to 2012, Changan will invest 20 billion yuan R & D and constructing groundwork for the building of the motor, the Ford Motor Company is the U.S. colleague 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 portions Friday shut at 7.64 yuan, or 0.23 yuan, or 2.92 percent.

Xu Ping said, “We are actively doing M & A activities at home and abroad, but which, because the talks have not, so there is nothing 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 noted a plan connection endeavour accord to set up production plants in Mexico, which Chang’s sixth overseas plant.

Ping Xu also said that Changan to strategic cooperation and joint venture partners to continue to deepen the level of cooperation, the joint venture to do a good job and achieve their own brands and joint coordination of common 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 forms as well as the number of unaligned R & D engine.

** In rank 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 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 issue furthermore sharp out that in 2012 designs to accomplish annual sales of engine vehicles for more than two million, the market share of round 15%, of which micro-car to come to about one million vehicles come to 800,000, about 12% market share .

Ping Xu in addition said that Chang will carry on to endorse the new vitality vehicle development and the conventional propelling force for motor vehicle upgrades, the next five years, hybrid, wholesome electrical vehicles is the purpose 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.