Landmark GAC-Chery linkage
By Han Tianyang | China Daily | Updated: 2012-11-05 07:48

First cooperation between State-owned carmakers
In a landmark move between State-owned companies, Guangzhou Automobile Group Co, China's sixth-largest carmaker by sales, and ninth-ranked Chery Automobile Co will sign an R&D agreement tomorrow.
The linkage is designed to bring technological cooperation without any capital transactions, according to insiders with knowledge of the deal.
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