FAW and Brilliance still in Talk

News from Brilliance China Automotive Holdings Company, BMW's partner in China, said it had been approached about a possible takeover but had not discussed a merger with larger rival FAW Group. Media reported earlier this year that FAW Group was in talks to take over Brilliance Jinbei with an eye to eventually buying the parent of the listed Brilliance.

FAW Group is a global leader in the vehicle manufacturing industry with a 50-year history of innovation. Founded in 1953, FAW employs 133,000 people around the world and sells products in over 70 countries. China Brilliance Automobile Holding Company [CBA]---the first Chinese company listed on a foreign stock exchange---went public on the list of New York Stock Exchange, USA in Oct 1992 (Stock Code: CBA). CBA possesses two complete car brands ("Zhonghua" series & "Jinbei" series, self-manufactured) and three complete car products (proprietary Zhonghua passenger car; Jinbei Haise minibus, covering nearly 60% of domestic market share among similar models).

Related China Bus News

• Zhongtong Electric City Buses Enable Portugal to Move Closer Towards Zero-Emission Transport 02-27
• Vietnam Warmly Welcomes 207 Units Golden Dragon City Buses on its Road 02-26
• 1,022 Zhongtong Buses to Arrive in Saudi Arabia for Operation 02-22
• 400 Units Foton AUV School Buses Start Operation in Beijing 02-22
• Zhongtong Bus Sales Jump by 81.49% in January,2024 02-20
• Ankai Embraces 2024 by Delivering G9 Buses to Saudi Arabia for Operation 02-19
• Zhongtong Electric Buses Provide Smooth Transportation Services for Africa Cup of Nations 2023 02-18
• Ankai Bus & Coach Sales Up by 169.33% Year on Year in 2023 02-18
• Golden Dragon Bus Overseas Sales Reached a New Record High in 2023 02-05
• 120 Units Zhongtong Electric City Buses to Start Providing Greener Transportation Services in Singapore 01-30
• Higer Overseas Sales Revenue Grew by 70.59% to Reach a New Record High 01-30