Changan Automobile and Watch Taboo Family OnlineDongfeng Motor said on Sunday their respective controlling shareholders – China South Industries Group Corporation and Dongfeng Motor Corporation – are exploring possible restructuring or refinancing with other state-owned enterprises. This could mark the first step in the reorganization of the two Chinese state-owned auto majors, people familiar with the matter told state broadcaster CCTV. Changan and Dongfeng said in their respective securities filings that the restructurings would not lead to changes in their actual controllers or have a significant impact on their business activities, without providing any further details. The news comes almost a year after Zhang Yuzhuo, director of China’s State-Owned Assets Supervision and Administration Commission, said that the electric vehicle businesses of the central government-controlled automakers would become independent accounting units, giving them more independence in conducting their work. [TechNode reporting, CCTV, in Chinese]
Related Articles
2025-06-27 07:19
1950 views
Texas vs. Arizona State football livestreams: kickoff time, streaming deals, and more
Wondering how to watch college football this season? Here are your best options: Best
Read More
2025-06-27 06:28
1043 views
Passing Through: On Leonard Cohen by Andrew Martin
Passing Through: On Leonard CohenBy Andrew MartinJune 27, 2022On Leonard CohenTo mark the appearance
Read More
2025-06-27 05:08
2005 views
Galaxy S24 Ultra vs. iPhone 15 Pro Max blind photo test: I asked 10 iPhone users which they prefer
Muhahaha! Here I am continuing to fan the "Android vs. iPhone" flames with yet another blind test wi
Read More