ASIAN AUTOMOTIVE NEWSLETTER MARCH 2010, ISSUE 62 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 I NDIA .............................. 3 is beginning to develop into a powerful force transactions involving Asia, including JAPAN ............................. 4 in the international auto market. Chinese acquisitions, divestments, JVs and auto suppliers have traditionally been firmly restructurings. We have offices in all of KOREA ............................. 4 focused on their home market, but this is the major Asian automotive markets, as MALAYSIA ........................ 4 finally changing with a number turning up well as in Bahrain, London and New York. TAIWAN ........................... 4 as bidders, sometimes successful ones, If you are interested to discuss any of the 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 15Mar10) 300 Audi, a luxury brand of German automaker Volkswagen, plans to lift production US