ASIAN AUTOMOTIVE NEWSLETTER DECEMBER 2009, ISSUE 61 A Quarterly newsletter of developments in the auto and auto components markets As the global auto industry struggles, Business Development Asia LLC (“BDA”) C ONTENTS emerging Asia has remained the single is an investment banking firm which CHINA ............................. 1 significant growth region. China particularly specialises in executing cross-border HONG KONG ...................... 3 is beginning to develop into a powerful force transactions involving Asia, including I NDIA .............................. 3 in the international auto market. Chinese acquisitions, divestments, JVs and auto suppliers have traditionally been firmly restructurings. We have offices in all of JAPAN ............................. 4 focused on their home market, but this is the major Asian automotive markets, as K OREA ............................. 5 finally changing with a number turning up well as in Bahrain, London and New York. MALAYSIA ........................ 5 as bidders, sometimes successful ones, If you are interested to discuss any of the TAIWAN ........................... 6 for Western assets. Don’t expect this turn articles in this newsletter, please contact into a tidal wave, but do expect steady and me directly. significant growth as Chinese companies start to join Indian companies on the global Charles Maynard acquisition trail. Senior Managing Director,
[email protected] China Auto Stock Indices for Selected Countries (12 months by 9Dec09) 350 Anhui Jianghuai Automobile (“JAC”), China a Chinese automaker, has signed an 300 agreement with NC2 Global (“NC2”), Korea a US-based truck manufacturer owned 250 by US-based Caterpillar and Navistar Japan International, to form a 50:50 JV to 200 manufacture trucks and truck parts in India China. The JV, expected to be formed by 150 US Q3 2010, will take advantage of NC2’s financial strength, technology and 100 global distribution network and JAC’s Euro medium and heavy-duty truck business, 50 including its manufacturing facilities in China.