Zongshen Group intends to purchase Blue Bird to enter school bus industry
08 March 2012
www.chinabuses.org: On March 6 2012, Zongshen Industrial Group Chairman Zuo Zongshen to participate in two of the country during the period revealed that Zongshen Group is in negotiations with the United States Bluebird school bus, $ 250 million acquisition of all of the shares of the latter, and it is expected as early as the first half of this year, completed the acquisition of preliminary plans to build an annual output of 50 000 school bus factory in Chongqing.
The school bus market is a piece of "cake" of coveted in may car prices, as one of the worlds's largest motorcycle manufacturer Zongshen Industrial Group is gearing up to enter the school bus industry. However, the public relations of the correspondents contact Zongshen, the official said do not know it, pending further confirmation
Blue Bird company has also been to enter the Chinese plan, in February this year, the Blue Jays president of Phil Huoluo Ke led to Xiamen, Xiamen Winterthur International New Energy Automobile Co., Ltd. (hereinafter referred to Xiamen Winterthur) to discuss school bus production cooperation issues, and plans in the the Haicang construction school bus production base, the initial project planning 500 acres of land, with an annual output of 20000 school bus.
According to media reports, the the Bluebird original partner Xiamen Winterthur has not yet achieved commercial vehicle production qualification, and the GB Commission << school bus manufacturers and products are being developed and access management rules >> is likely to increase the production qualification of school bus access threshold Bluebird company in China or qualification threshold in the case of production constraints.
Golden State Securities analyst Wu Wen-chiu is expected that the school bus market in 2012 will reach 70,000, the total demand will reach 1 million. Wu Wen-chiu said, the first on the school auto show held in February this year that the school bus in January sales total of 1652 has reached 2011 1/4. According to the Golden State Securities statistics, since the the Qingyang school bus accident, the country has made it clear the school bus purchases over 4000, Fujian, Shandong, Chongqing and other provinces and cities procurement The volume has more than 1000 units.
Source : www.chinabuses.org
Editor : Lily
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