日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Motoring

Sokon unit buys US car assembly plant for $110m

By TAN YINGZI in Chongqing and LI FUSHENG in Beijing | China Daily | Updated: 2017-06-24 09:06
Share
Share - WeChat

SF Motors, an auto company in southwestern China's Chongqing, has signed an agreement with US heavy vehicle and contract automotive manufacturer AM General to buy the latter's commercial assembly plant, or CAP, for $110 million.

Based in South Bend, Indiana, AMG is best known for the Hummer, its civilian vehicle, and the Humvee, the military heavyweight.

Under the agreement, SF Motors, a subsidiary of Chongqing Sokon Industry Group, will acquire the land, plant and certain auto manufacturing equipment of the CAP.

The deal does not impact AMG's separate military vehicle assembly plant or its core military vehicle business.

Sokon started as a mechanical springs factory in 1986 in Banan District, Chongqing. It is now one of China's leading manufacturers of engines and new energy cars.

It focuses on sport utility vehicles and mini passenger vans.

Its subsidiary SF Motors is headquartered in Silicon Valley, California, and specializes in the design and production of US-based clean electric vehicles.

"Once the purchase is completed, it will help us enhance our advanced manufacturing and management systems as well as increase our manufacturing experience in developing the US-based clean energy car project," Sokon said in a filing to the Shanghai Stock Exchange.

"It will also help upgrade our current manufacturing business, improve the quality of our products and then boost our sales."

SF Motors expects to retain all of the CAP's 340 jobs which "would have otherwise been lost when the CAP's sole remaining customer contract expires later this year and would have resulted in a line shutdown", according to news release of AMG on Thursday.

"We are confident that SF Motors is the right long-term owner to support the CAP, as well as the South Bend community and the state of Indiana," said Andy Hove, AMG's president and CEO, in the news release.

The deal is subject to customary closing conditions, including receipt of US and Chinese regulatory approvals.

"This purchase will help Sokon to speed up its production of electric cars in the United States," said Bill Peng, a partner of Strategy&, a US consulting firm.

"Sokon will probably become the first Chinese company to produce vehicles in the US and the deal has shown the fighting spirit of Chinese private companies."

In 2009, Sichuan Tengzhong Heavy Industrial Machinery Co Ltd tried to buy the Hummer from General Motors. But, the next year, the Chinese Ministry of Commerce rejected Tengzhong's bid.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 超级碰97 | 亚洲精品456人成在线 | 精品一区二区视频 | 欧美精品午夜 | 精品国产污污免费网站 | 精品一区二区三区免费毛片 | 欧美午夜a级限制福利片 | 欧美一级黄色免费看 | 一级片在线免费观看视频 | 亚洲电影一区二区三区 | 99久久精品免费看国产免费 | 日本午夜精品一区二区三区电影 | 激情男女视频 | 久久国产精品免费一区二区三区 | 日本人视频jizz69页码 | 午夜精品久久久久久久男人的天堂 | 久久这里只有精品免费看青草 | 欧美一区二区在线播放 | 欧美成人四级hd版 | 欧美专区在线 | 久草国产精品 | 色婷婷综合久久久中字幕精品久久 | 四虎免费在线观看视频 | 污视频在线免费 | abc欧美成人影院 | 欧美综合亚洲 | 看了让人下面流水的视频 | 国产一区二区久久精品 | 日韩久久综合 | 久久se精品一区精品二区 | 国产日韩欧美在线观看 | 欧美视频大全 | 色两性午夜视频免费观看 | 国产不卡在线 | 亚洲国产第一页 | 奇米影视四色7777 | 国产三级在线精品男人的天堂 | 国产午夜精品AV一区二区 | va在线播放| 李旭个人资料及简介 | 美女用震蛋叫爽的视频95视频 |