China's FAW to become GAC's second-largest shareholder as auto consolidation talk returns
China's FAW will become the second-largest shareholder of Guangzhou Automobile Group (GAC). The announcement has reignited talk of consolidation in China's auto industry.
- FAW will become the second-largest shareholder of GAC Group
- Announcement revived talk of consolidation in China's auto industry
- Deal details and stakes were not disclosed in the report
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