Domestic Subaru: Power Diversity Group

　　Denying to hold each 25% stake with BAIC,

　　Insisting the identity of auto dealer

　　"I will absolutely not change the identity as auto dealer." Yesterday, Chairman of Power Diversity Automobile Trade Co. Ltd. Pang Qinghua responsed the matter for the first time that Power Diversity Group will not joint manufacture domestic Subaru with Beijing Automotive Industry Holding Co. (BAIC).

　　Legal Evening News reports that it is recently paid closely attention that Power Diversity team up with BAIC to win over the project of domestic Subaru. According to the news, Power Diversity and BAIC would each take a 25% stake, and Subaru would own half of the joint venture, which will achieve Subaru's domestic manufacture by the cooperation from three parties.

　　It is reported that more than 60% of Subaru's sales is completed by Zhongyi Subaru from Power Diversity. Power Diversity is Subaru's most important dealer in China. It seems very reasonable for Power Diversity to participate the domestic Subaru.

　　Chairman of Power Diversity Group Pang Qinghua denies to become the"manufacturer" and points out that the status of "dealer" will not change. Pang Qinghua explains, if Power Diversity Group becomes producer, it would form competition with other brands. It might influence the regular operation of hundreds of subordinated 4S stores, which is not worth for Power Diversity.

　　Pang Qinghua reveals at the same time, four or five companies want him to help persuading Subaru to take on the domestic project.

　　According to the reporter, both of FAW Group and SAIC Group are actively striving for the domestic Subaru project. (Jianfei/Keke)

　　See original Chinese report Please click:

　　http://auto.sohu.com/20100730/n273866843.shtml