Chinese automakers are beginning to consolidate to compete more effectively with foreign OEMs entering the market following China's membership in the World Trade Organization (WTO).
Late last month First Automotive Works (FAW) - China's largest automaker - said it would buy 50.98 percent of Tianjin Xiali, a subsidiary of Tianjin Automotive, while Shanghai Automotive Industry Corp. (SAIC) and Yuejin Motors are reportedly negotiating an alliance and Dongfeng Motors is said to be in talks with Beijing Auto.
The FAW-Tianjin deal is the first in what analysts say will be a long stretch of mergers and joint ventures expected during the next several years. These alliances will …
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