Guangzhou Group nets Changfeng
By Li Fei | China Daily | Updated: 2009-05-21 08:18
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A car model made by Changfeng Motors on display at an automobile show in Shanghai in April. Wu Changqing |
Guangzhou Automobile Industry Group, the most profitable Chinese auto major, will take a 29 percent stake in SUV maker Hunan Changfeng Motor Co, as the regional automaker seeks to expand nationally.
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