Suzuki Motor Corporation has agreed to transfer all equity in Chongqing Changan Suzuki Automobile Co., Ltd. (Changan Suzuki), an entity accounted for using equity method in China, held by Suzuki to Chongqing Changan Automobile Co., Ltd. (Changan Automobile). Suzuki has transferred its 50 per cent to the Changan Automobile, while the management of Changan Suzuki will be continued as 100 per cent subsidiary of Changan Automobile. Moreover, Suzuki and Changan Automobile have discussed towards future development of Changan Suzuki.
from NDTV CarAndBike - Latest News https://ift.tt/2wGSO3b
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