SHANGHAI AUTOMOTIVE LIKELY TO CONTROL SHANGHAI DIESEL ENGINE
AsiaInfo Services, September, 2007
AsiaInfo Services 09-04-2007 Shanghai Automotive Likely to Control Shanghai Diesel Engine SHANGHAI, Sep 04, 2007 (SinoCast via COMTEX) -- Shanghai Electric Group Co., Ltd. (SEHK: 2727) intends to sell a 50.23% stake in Shanghai Diesel Engine Co., Ltd. (SHSE: 600841), one of its list arms, to Shanghai Automotive Industry Corporation (Group). Shanghai Automotive is not a main customer of Shanghai Diesel Engine.
The latter primarily provides engines for commercial vehicles like load carriers and passenger cars. Shanghai Diesel Engine has been looking for investors for a long time. It has contacted US-based Caterpillar Inc., but their joint venture project failed to make progress, said Chen Longxin, chairman of its board, because a similar deal between Carlyle...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
- Using object-oriented analysis and design over traditional structured analysis and design
Presented by American Express