State-owned auto manufacturer Changan Automobile has fully acquired joint venture Changan Suzuki from the Japanese parent company for one yuan (US$0.15), marking Suzuki’s exit from the Chinese market, Yicai.com reported. Founded in 1993, Suzuki and Suzuki China held 40% and 10% of the shares of Changan Suzuki, respectively. After the acquisition, Changan Automobile will become […]
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