Fiat Auto Brilliance Absence Of Guangzhou - Fiat, Brilliance - Auto Parts Industry
After more than four months of waiting, Guangzhou Automobile Group and Fiat Car Of
Cooperation Agreement has been approved by the National Development and Reform Commission.Wide project examination and approval of Fiat Auto, Fiat, who live in awkward is undoubtedly of great significance, but for various reasons, China will continue this year, Fiat Shanghai Auto Show After the absence of domestic A-class auto show again. Fiat Auto will and Brilliance Automotive (01114.HK) the absence of the Guangzhou Auto Show as a minority business.
Fiat, Brilliance absence Guangzhou Motor Show
Because of the time on short notice, had finalized the Guangzhou Guangzhou Auto Fiat Auto of the plan have had to cancel.
The Fiat official said China, now the company is fully prepared to Changsha's ceremony. For the upcoming Guangzhou International Motor Show, as time is so short, it was too late to make any preparation, can be widely Fiat Auto joint venture for the public display delayed to next year Beijing Auto Show .
The person also believes that too much information during the show, in fact, the first appearance of the joint venture is not necessarily a very appropriate time to focus on some information about the joint venture, held in Changsha, the Founder of the specialized ceremony officially announced it might be better.
Both Guangzhou Automobile Group, or Fiat in China, are very value of the Guangzhou auto show. Guangzhou is not only home to Guangzhou Automobile Group and Guangzhou Automobile Group Guangzhou 2010 Asian Games as the main sponsor of this show is its subsidiary company in Guangzhou Asian Games before the general public to show the best chance.
In fact, in September, when both the Guangzhou Automobile Group, or Fiat in China, are not expected to delay approval cycle will be so long, had told reporters on the CBN is expected to be approved by Development and Reform Commission in October Guangzhou Automobile Fiat joint venture agreement, then the joint venture with Guangzhou Auto Show as an opportunity to be a formal display to the public. On of Fiat China, the Shanghai auto show because of its application and Guangzhou Automobile Group in joint venture a critical juncture, and given up participation, coupled with the rush and because of the absence, has missed the domestic A-1 Auto for years.
Way, Fiat and Brilliance Auto to join this year's auto show in Guangzhou a few absentees. For Fiat, the time to catch up because of the absence of a resignation. The CBA is indeed the absence of established businesses in the downturn of the time since one can not fully grasp the opportunity this market blowout.
Brilliance annual report, the total profits in the first half of this year from last year's loss of 244 million yuan to expand to 757 million yuan, doubling the amount of loss; net profit of 283 million yuan loss a year earlier was also based on the down 36.4% to 386 million yuan.
In addition, combined with no new products unveiled, Brilliance auto manufacturers decided not to name the exhibition tour but only by the local dealers to participate.
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