subject: Cooperation With The China Heavy Truck Man Who Calculations Even Louder? - Man, The Chinese Heavy [print this page] German truck maker MAN to acquire 25% stake in China's heavy truck
Won worldwide attention, stir industrial change in the situation, but in the final analysis is a special period, but was given a special meaning business.
Despite capital market changes, mergers and acquisitions will always be the eternal theme. In the July 15, 2009, the Chinese heavy truck (Hong Kong) Company and the German MAN (hereinafter referred to as Man company) jointly issued a notice to keep China in heavy Car Holdings Limited ("Heavy Duty Truck") 51% of China's heavy truck holding conditions, the Cayman Company will subscribe for approximately 599 million new shares to the Heavy Duty Truck Conversion bonds and buy about 091 million shares of the Company in issue shares, access to China's heavy truck (Hong Kong) 25% plus one share, related to capital 6.048 billion Hong Kong dollars.
To make this decision for the Chinese heavy truck is difficult, because from the Heavy Duty Truck Group and Volvo Production of heavy-duty truck joint venture signing ceremony of the car after only 6 years. Thus, Jinan China voca Motors Limited (China Heavy Duty Truck Group and Volvo formed a joint venture company), the stage will be gradually ended, "This marks that China's heavy truck line of thought by the introduction of vehicle change to the introduction of technology up." Automotive Analysis Li Xu analysis division, said completion of the transaction under the announcement, both sides will be in the "technical upgrade type" trucks and Euro , Europe , Europe Engine Manufacturing, quality control, sales and service co-operation in such areas.
Two empty boxer 2008 Heavy Duty Truck scenery year is the year, vehicle sales reached 112,000, export 15,000, ranking first in China. But the 2008 is equally difficult year for Heavy Duty Truck Group, EGR State Engines frequently challenged by the industry, a Weichai anonymity told "equipment manufacturing" reporter: "EGR engine only country standard laboratory up to the state, this is actually already given up foreign technical ideas of 1. "With the heavy vehicle on Jan. 1, 2010 come into operation on the fourth stage (State IV) emission standards of adjacent, CNHTC chairman Ma Chunji heart certainly full of anxiety. In the first quarter, CNHTC produced 32,747 vehicles, down 1.68%; sales of 31,889 vehicles, down 2.18%.
At March 20, 2006, with the Shandong SASAC will Heavy Duty Truck 100% of the original holders of shares transferred to the Weifang plant their own name, Heavy Duty Truck Group and Weichai Power Co., Ltd. (hereinafter referred to Weichai) formal separation, but as CNHTC original factory engine package, Weifang has been dominated by the use of high-powered heavy truck Diesel With Weichai stop for Heavy Duty Truck Engine, Heavy Duty Truck themselves unable to break into a difficult situation. An industry and predicted that China's heavy truck's engine can do the limit is Euro standard.
While undergoing Financial Crisis of Man companies are also in pain, according to Goldman's first quarter filing shows that its net profit declined in 2008 compared to 43.8% in the face of rapidly shrinking profits, Goldman's chairman Hakan? Samuel Sen (HakanSamuelsson) It is clear that worldwide demand for heavy trucks started transferred from developed to developing countries. In an interview which he said: "Now consumers do not buy trucks in developed countries, and Cayman company truck market now closely monitoring the impact on the company's long-term." As a subsidiary of Volkswagen of Germany, Mannheim, very clear it and Scania (Sweden's second-largest truck maker, another subsidiary of the public) only one remains between.
In such circumstances, the Cayman company that do not wish to die, it is only one way. Thus, Man's shadow began in the active market in developing countries. This year in March, Mann spent 1.18 billion euros the company has just completed a public Brazilian heavy truck business acquisitions. Analysts believe that this is already indirectly indicated that the temporary suspension of Man on the acquisition of Scania to focus on expanding in developing countries.
No matter what, and Mann CNHTC now back to the company together.
by: gaga
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