In 2015, automotive industry concentration required up to 90%

Recently, the Ministry of Industry, the Ministry of Finance, the National Development and Reform Commission and other departments are jointly issued “Guidance on corporate mergers and acquisitions to accelerate key industries”(Hereinafter referred to as “opinions”), clear goals and tasks of the nine leading enterprise mergers and corporate restructuring, among them, the automotive industry are "bear the brunt", ranked first. "Opinions" pointed out that, until 2015, production concentration of 10 automobile companies will reach 90%, forming 3-5 large auto groups with core competitiveness.

"Opinions" required, the key industries and enterprises should be cross-regional, cross-ownership mergers and acquisitions, and encourage enterprises to "go out". In addition, "Opinions" pointed out that support parts leading enterprises through mergers and acquisitions to expand the scale, establish long-term strategic partnership with vehicle manufacturers, developed strategic alliances, achieved specialization and cooperative production. "Opinions" also supports a large auto companies through mergers and acquisitions to extend the service areas, improve the service system of the automotive industry, put brand marketing as the main, achieved services and manufacturing fusion development.

It is worth mentioning that this "opinions" has no definite plan of merger and reorganization, car prices no longer limited to only merger and reorganization within the range of a nationwide or regional, at the meanwhile, it has not list the top auto companies as the core enterprise, for living in second-tier GAC and Beiqi, this is definitely a big plus. For a long time, the GAC are holding ample funds, but have no useless.

It is understood that this is not the first time the national level released merger and reorganization signal, released in 2009, "Automobile industry restructuring and revitalization plan" has been put forward, to form a “for big for small” industry pattern through mergers and acquisitions. Following more than three years, just a Guangzhou Automobile Group's acquisition of Changfeng, Geely acquisition of Volvo this a few mergers occurred, Chery reorganization JAC this high voice restructuring are cancelled, has not fundamentally change the auto industry pattern "the scattered poor" situation. This obviously does not meet the new situation that international car enterprises attach great importance to the Chinese market, the increasingly fierce competition in the industry.

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