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SCMP Reporter

Nanjing Auto Group

Timeline

1947 Founded

1958 Manufactures the first small commercial truck in China

1995 Sets up 50:50, US$425 million joint venture with Italian company Iveco to make light duty commercial vehicles and Sofim diesel engines

1999 Sets up 50:50, US$282 million joint venture with Fiat to make Palio, Palio Weekend and Siena passenger cars.

July 2005 Announces plan involving investment of US$200 million to build 40,000 light duty trucks in Russia in a partnership with a local firm by 2010.

July 2005 Announces successful bid to acquire assets of MG Rover

Fact Box

Parent firm: Yuejin Motor Group

Total assets: 12 billion yuan, 3.4 million square metres of land

Workers: 14,600

Subsidiaries: 25, including seven with foreign companies

Production: 200,000 vehicles a year including trucks, commercial vehicles and passenger cars.

Major shareholders: Huarong Asset Management, Cinda Asset Management, Jiangsu Guoxin Asset Management, Jiangsu Transport Industry Bureau.



Rover's requisitioner