Latest Breaking News On - Chongqing changan automobile - Page 18 : comparemela.com

BEIJING (Reuters) -Changan Ford Motor plans to set up a new-energy passenger car joint venture with state-owned Chongqing Changan Automobile, a document published by China's market regulator on Friday showed. Changan Ford Motor will own a 60% stake and Chongqing Changan Automobile the remaining 40% stake. Changan Ford is a 50-50 joint venture between Ford Motor Co and Changan Automobile, meaning Chongqing Changan will own more than 50% of the new venture.

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