China's Guangzhou, Changfeng Merge

Two of the biggest car manufacturers in the People’s Republic of China, Guangzhou Auto and the Changfeng Motor Group, have merged to form the new Guangzhou-Changfeng Auto as it strives to reach a lofty goal of making 500,000 vehicles annually.

With Changfeng short on funding and Guangzhou limited in terms of vehicle range, the deal should prove to benefit both companies. Guangzhou got the controlling stake, owning 29 percent of Changfeng and the latter having 22 percent.

The merged company will be investing some $1.47 billion dollars in the Chinese province of Hunan, which would be able to accommodate the expansion necessary for the 500,000-car goal. Guangzhou now has access to the SUV line of Changfeng, one it has been lacking in its vehicle range.

With this merger, China is well on the way towards consolidating its domestic car manufacturers. With over a hundred separate companies, China wants to combine some of them in order to have stronger firms that will be able to compete with the best the rest of the world has to offer.

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