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Automotive mergers and restructuring plans to introduce before the end. Ministry of Information Industry (MOCIE), the Shanghai International Auto Show April 19 Miao right forum, said the deputy minister. 15 car companies in less than 10 plans in China, and forward this year, automotive mergers and restructuring plans to introduce before the end. Ministry of Information Industry (MOCIE), the Shanghai International Auto Show April 19 Miao right forum, said the deputy minister.

Miao Wei, currently the Ministry of Commerce, Industry and Energy as additional information to promote corporate restructuring, the vehicle began the transfer of corporate assets, liabilities and surplus production in order to resolve the placement of staff in order to facilitate proper resolution of the various policy measures that would facilitate the introduction of this resolution to improve the competitiveness of products that integrate resources through mergers and acquisitions for the company to support automotive approvals problems. Miao Wei, Chinese automakers to increase the concentration of the restructuring auto industry and plans to activate less than 10 cars from the current 15 for large corporations, but there are many issues to be addressed, said it would make a clear request. Other areas such as tax issues from the car company after the merger, the unified tax revenue, or where the headquarters will remain longer.

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“The problem is very difficult to get support for local government will not solve this problem, there are many.” He Council of State before the end of the car company merger and announced the restructuring plan will be issued. Miao Wei, the Chinese industry, unprecedented in the history of global financial crisis had a significant impact, he said. The third quarter of 2008, China’s auto market reduced the effectiveness of the company, focusing on the negative growth of rare start, export, and significantly reduce their own brands to small and medium sized enterprises will cause major difficulties. Of course, with the contraction in external demand and the crisis, the Chinese automobile industry of the problems associated with the contradictions and self-development. These irrational industrial structure, technology can make to independent innovation, and capacity is weak, incomplete consumer policy issues is an important cause.

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