Beijing Auto also shopping for Fujian Auto
As the central government ramps up its plans to force the Chinese car industry to concile and become a sleaker fighting unit to push Chinese cars onto the world stage, it seems that Fujian Motor will become the latest small car company to be taken over by a larger rival.
Previously it was Changfeng motor that came under Guangzhou Auto’s stewardship, now it appears that Beijing Auto Works (BAW) are set to take on Fujian Motor Co. Fujian Motor Co own SouEast, which currently has JV’s with Dodge (to build the Dodge Caravan), and also with Mitsubishi to build various sedan and MPV models for the Chinese market place.
Beijing Auto Works is also planning to buying 51% of GM’s European subsidary, Opel, for over 900 million USD, which would catapult BAW onto the world stage after being a sleepy backwater car maker for the past few years. BAW currently have JV agreements with Mercedes and Hyundai, both of which have been very profitable for the car maker, but BAW have aspirations of building their own car range on which to take on the world, their concepts at the 2008 Shanghai Auto Show were a glimpse at BAW’s future plans.
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