GAC plans to acquire FAW Group’s 50% stake in FAW Toyota, bringing Toyota’s northern and southern China joint ventures under GAC’s umbrella and enabling coordination of operations, investment and resources. The proposed restructuring would make FAW GAC’s second-largest shareholder and reflects mounting pressure to consolidate China’s highly competitive auto industry.

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FAW Group

Chinese state-owned automobile manufacturer

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GAC plans share issue to acquire FAW's 50% stake in Toyota JV

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Facts from Wikidata (CC0). Image by N509FZ via Wikimedia Commons (CC BY-SA 4.0).

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About FAW Group

China FAW Group Corp., Ltd. is a Chinese central state-owned automobile manufacturer headquartered in Changchun, Jilin. Founded on 15 July 1953, it is currently the second largest of the "Big Four" state-owned car manufacturers of China, together with SAIC Motor, Dongfeng Motor Corporation and Changan Automobile.

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Country: People's Republic of China
Headquarters: Changchun
Inception: July 15, 1953
Website: http://www.faw.com/

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