Merger Between Two of China’s Biggest Automakers


China’s two biggest automak­ers, Shang­hai Auto­mo­tive Indus­try Corp (SAIC) and Nan­jing Auto­mo­bile Corp, are merg­ing in the hope of cre­at­ing a strong com­peti­tor in glob­al mar­kets. As a result, Fiat Auto announced the dis­so­lu­tion of its part­ner­ship with Nan­jing to pro­duce pas­sen­ger cars.