Mergers and reorganizations are difficult to implement in China
Mergers and reorganizations are difficult to implement in China
Mergers and reorganizations are difficult to implement in China. They involve the interests of enterprises and local governments. So far, they have not seen real success stories. After mergers and acquisitions, there are often various problems, such as the merger of Changan with Hafei and Changhe, and the corporate benefits of Hafei and Changhe not only have not improved, but have also worsened. Because if the merger can not provide enough funds and technical support to the other side, it will not be helpful to the merged party. Therefore, such merger is completely a government-led behavior and has no great significance. The cooperation between Guangzhou Automobile and Chery is started from a technical level, and on this basis it is possible to further in-depth cooperation.
—— Zeng Zhiling, General Manager of LMC Automotive Market Consulting (Shanghai) Co., Ltd.
Independent brand R&D investment
October's car production and sales data show that the independent brand performance is super strong, which is the result of the self-improvement of independent brands. The most difficult period for domestic-funded enterprises has passed. The reasons for the reversal are: First, the monthly market share of domestic-funded enterprises rose slightly from September to the end of each year. Second, the Japanese car market is declining, and domestic-funded enterprises have received an additional part of the market. Third, in recent years, domestic companies have invested heavily in research and development to achieve initial success. After many years of accumulation, domestic-funded enterprises have greatly improved their research and development levels, and their R&D personnel are three times more than joint ventures. The investment of more than 20 billion yuan in these two years has led to a qualitative leap in research and development. From the vehicle, engine, automatic transmission, electronic technology and other major breakthroughs. This year's car crash test, to achieve a five-star model of domestic-funded enterprises and joint ventures have a draw, this year's domestic-funded enterprises only the first 10 incremental models, it will bring more than 500,000 market increments, so this year's own brand narrow sense Passenger cars may have positive growth rates from negative to positive. Next year, the generalized passenger vehicle may also turn negative.
- Deputy Secretary-General of the National Passenger Vehicle Market Information Association, Cui Dongshu
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