China: FAW, Brilliance Auto deal off – report

According to a Reuters report, citing comments from a senior Chinese official, the FAW Group's intended move to take over smaller rival Brilliance China Auto is now off. When asked about the chances of Brilliance becoming an acquisition target of FAW, Liaoning governor Wang Min was quoted as saying: "We Subscribe to Automotive World to … Continued

• By Webmaster
• March 7, 2011