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  1. #1 Jinan Qingqi 
    Senior C-Moto Guru MJH's Avatar
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    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.
    Last edited by MJH; 10-20-2011 at 08:25 PM.
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  2. #2 Re: Jinan Qingqi 
    Senior C-Moto Guru euphonius's Avatar
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    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!
    jkp
    Shanghai
    2010 JH600 "Merkin Muffley" (in Shanghai)
    2000 KLR650 "Feezer Ablanalp" (in California)
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  3. #3 Re: Jinan Qingqi 
    Senior C-Moto Guru MJH's Avatar
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    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.
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  4. #4 Re: Jinan Qingqi 
    Senior C-Moto Guru MJH's Avatar
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    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.
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  5. #5 Re: Jinan Qingqi 
    Senior C-Moto Guru ZMC888's Avatar
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    Quote Originally Posted by MJH
    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!
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  6. #6 Re: Jinan Qingqi 
    Senior C-Moto Guru MJH's Avatar
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    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….
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  7. #7 Re: Jinan Qingqi 
    Senior C-Moto Guru MJH's Avatar
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    I think that the little trucks with 1000cc engine are interesting but with only 53hp and a top speed of 60mph, they are not intended to be driven on the highways.

    But I could see lots of application for those in small businesses.

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  8. #8 Re: Jinan Qingqi 
    Senior C-Moto Guru MJH's Avatar
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    There is little if any market reaction to the restructuring….The stock value of Jinan Qingqi has not appreciated overall from the event.

    http://www.bloomberg.com/apps/quote?ticker=900946:CH

    Changan value has not appreciated either, over the event.

    http://www.bloomberg.com/apps/quote?ticker=000625:CH

    They rose slightly in tandem and fell back off, actually what would be expected, basically they are not definitive as to what they are doing and why.
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  9. #9 Re: Jinan Qingqi 
    Senior C-Moto Guru MJH's Avatar
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    I suspect that eventually something changes, without solely owned international operations in china it is difficult to see that transition happening. That being how does Ford continue selling in china if the partnership eventually is dissolved? Will they continue to offer new designs and technology to their partners, knowing that? The OEM role how does that change to solely Chinese or solely foreign owned. The former is the ideal from a Chinese perspective, but then if for example Ford remains in the market it must then import and in that it is regulated in the market by tariff policy and subsequent rates.

    The result would be last years Ford sold as a Changan made in china and then an option is an imported new Ford version that is priced higher due to import tariffs.

    The Chinese will always be a day behind, so to speak. They want the core technologies and the pool of designers, engineers and also operations staff that can support independent operations. That may take a generation to achieve or more, longer to ever get to the level that they can open the market to solely owned and operating foreign companies.

    I would say holistically that others should help them attain that, and in an event contingent to eventual free global trade.

    The USA and Europe for that matter need to lower the values of their currencies and subsequently lower their costs of living and that is basically lower wages across the board. I am sorry if you think prestige adds real value, that actually is a falsity, what raise value is legitimate scarcity and false or contrived scarcity is result of market manipulations to raise prices and is morally corrupt and to me deplorable behavior.
    Last edited by MJH; 10-19-2011 at 05:04 AM.
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  10. #10 Re: Jinan Qingqi 
    Danger, Will Robinson! Lao Jia Hou's Avatar
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    Quote Originally Posted by MJH View Post
    ... in an event contingent to eventual free global trade.

    The USA and Europe for that matter need to lower the values of their currencies and subsequently lower their costs of living and that is basically lower wages across the board. I am sorry if you think prestige adds real value, that actually is a falsity, what raise value is legitimate sacristy and false or contrived scarcity is result of market manipulations to raise prices and is morally corrupt and to me deplorable behavior.
    You present an interesting argument, albeit IMHO, one side of the coin.

    The USA & Europe are arguing that China should raise the value of its currency and, as the corollary, the relative purchasing power of the average Chinese person and, presumably, the standard of living of the average Chinese person. Well, that is one argument commonly presented.

    Scarcity can add value, ceteris paribus, but "value" in the marketplace is usually determined by customers' perceptions. For example, dangerous &/or inferior products might be scarce, but are still considered to have zero value. Abundant products (e.g., Starbucks coffee) can have "value" in the consumers' eyes, regardless of its inherent cost components. Why do people pay $5 for a coffee when the same product can be had for $1 down the street?

    In the case of Qingqi, or any existing Chinese MC manufacturer, its "value" is completely price-driven. Consumers who are price-sensitive will consider Chinese MC products if the price difference is significant between a Chinese MC and a competing foreign brand. There is no "name-brand" value added to any Chinese MC producer. In fact, the China origin is likely considered to detract from perceived "value" in many markets.

    As a further example, if Qingqi limited production, it is unlikely that the resulting "scarcity" would increase prices.

    IMHO, the Chinese vehicle production systems needs to consider adding value to its products by listening to the customer, and giving the customer what it wants. The current business model is based on "the customer gets what we produce", protected by huge tariffs on foreign competitors. "Cheap" or "inexpensive" is often a false economy, if there is no associated value in the customer's mind. If a "new" Chinese MC is less reliable than a "used" Japanese MC, and they have the same market price, customers will obviously chose the latter.

    The first Chinese MC manufacturer to produce a high quality MC that meets consumers' expectations and perceptions will be surprised by the market response.
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