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FAW Group in Acquisition Plan.
(From SinoCast Transportation watch)
CHANGCHUN, November 15, SinoCast -- China FAW Group Corp., a leading automaker located in Changchun, the capital of Jilin, Northeastern China, plans to take three steps to reach its production and sales goal of two million units by 2010. Zhu Yanfeng, head of FAW Group, would like to make Changchun and Haikou as its two core bases, Tianjin, Nanjing (or Hangzhou) and Guangzhou as its key production and logistics bases, and Chengdu as its base in Western China. Firstly, FAW Group is reportedly in talks to acquire Hebei Zhongxing Automobile Co., Ltd., a SUV (sports utility vehicle) and pickup truck manufacturer located in Baoding, …
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