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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GAC Group

Chinese automaker

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GAC Group· Auto · 10 sources · 1dStory

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

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

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About GAC Group

Guangzhou Automobile Group Co., Ltd. is a Chinese state-owned automobile manufacturer headquartered in Guangzhou, Guangdong. As of 2021, it was the fifth largest automobile manufacturer in China, with 2.144 million sales in 2021.

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Country: People's Republic of China
Headquarters: Guangzhou
Inception: June 1997
Website: https://www.gac.com.cn/

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GAC Group across IJR

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