Jinan Qingqi

[MJH]

Jinan Qingqi has completed its restructuring. QJ swapped out all of its net worth for a 100% share in Hunan Tianyan Machinery Co.,Ltd. The deal was struck with Changan Automobile Group China resulting in a 31.43% transfer of shares to Changan from China South Industries.

Simply put they now are partnered with Changan and have control over a company that primarily manufactures machined parts, that being Hunan.

Jinan has posted operating loses continuously since 2009, sighting loss of sale and rising manufacturing costs.

[euphonius]

So maybe now they can finally get their China3 bikes out the door?

What's the source for your report?

Does China South Group retain any stake? (That's the group that owns Jialing.)

Thanks!

[MJH]

Reuters

I would say they should now have some capital to work with, they also have a new GM, which could be good or bad, it remains to be seen.

Changan is a government car company and makes cars for the people, simple basic and affordable.

I would say basically they are now a subsidiary of a car company, that being Changan which follows a type of Honda/Suzuki/BMW business model in a Chinese form. Primarily the car companies can offset engineering cost and supply relations, if done intelligently; I am seeing some evidence of that with the acquiring of Hunan Tianyan, a potential source of better machined parts.

[MJH]

Chana is also part of the South China Group, it is primarily all the government.

They rearranged their holdings, it was mainly to capitalize Jinan Qingqi that was bleeding capital.

[ZMC888]

Changan is a government car company and makes cars for the people, simple basic and affordable.

Or a Chinese car company with declining sales who make cheapo, road congesting, unsafe cars and vans for clueless drivers who think driving 10km is a long way!

[MJH]

January 2011
Chongqing Changan Automobile Co. (000625 CH), the Chinese partner of Ford Motor Co. and Mazda Motor Corp., added 2.4 percent to 9.68 yuan after saying its 2010 net income may have risen 86 percent to 94.7 percent from a year earlier to up to 2.1 billion yuan ($319 million)

July 2011
Chongqing Changan Automobile Co. (000625 CH), the Chinese partner of Ford Motor Co. and Mazda Motor Corp., dropped 2.1 percent to 5.21 Yuan after saying vehicle sales fell 13 percent from a year earlier to 129,407 units in June.

They manufacture the Mazda3/Ford Focus and possibly the Volvo S40and the Changan Alsvin shares that same platform, except the later comes with a 16valve 1.4 liter.


Six miles is six miles….