China auto consolidation will come thick and fast
By Katrina HamlinFAW, maker of Chairman Mao’s favourite limo, is set to become a top shareholder of $6.4 bln GAC. A tie-up could end competition between the state automakers' Toyota ventures and stem losses. Rising trade barriers overseas strengthen the case to shutter unneeded factories at home.Fu…
This is a real-time flash headline. A verified provider body is not available, so SquawkNews does not present it as a full article.