Chang’an Automobile restructuring plan to achieve through a series of mergers and acquisitions in the global 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 solidly apply the scheme of encouraging the internationalization method, through a sequence of amalgamations and acquisitions restructuring undertakings to accomplish the international expansion.

Xu, chairman of the company to remain flat in the 13th Shanghai International Auto Show held in front of a press conference that “the financial crisis period, to expand overseas and it is possible that an important opportunity.” However, he did not disclose the specific objectives of overseas mergers 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 company also said that the January to March this year, Changan sold 306,500 vehicles, an increase of 13%. The third quarter of 2009, Chang’an Hybrid will begin sales for individual users, plans in the next two years, the realization of hybrid type 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 dynamically doing M & A undertakings at dwelling and overseas, but which, because the converses have not, so there is not anything 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 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 noted a plan connection endeavour accord to set up production plants 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 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 forms as well as the number of unaligned R & D engine.

** In rank to micro-oriented, car-based **

Xu Ping, presented in the Chang’an Automobile sales in the first quarter, little displacement vehicles of somewhat fast development, encompassing micro-cars expanded more than 40%, mirroring the revitalization of the nationwide developed principle influence on the market, but furthermore the layout of the business before time to open up the outcomes 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 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 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 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.