Guangzhou Automobile Group Co., Ltd. (2238.HK)
| Previous Close | 3.330 |
| Open | 3.330 |
| Bid | 3.320 x 0 |
| Ask | 3.330 x 0 |
| Day's Range | 3.310 - 3.370 |
| 52 Week Range | 2.940 - 5.070 |
| Volume | |
| Avg. Volume | 14,614,466 |
| Market Cap | 80.087B |
| Beta (5Y Monthly) | 0.44 |
| PE Ratio (TTM) | 7.90 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.26 (7.73%) |
| Ex-Dividend Date | Sept 07, 2023 |
| 1y Target Est | N/A |
- Reuters
Mitsubishi Motors to exit from China production - Nikkei
TOKYO (Reuters) -Mitsubishi Motors has decided to end automobile production in China, and is discussing its exit with local joint venture partner Guangzhou Automobile Group, the Nikkei newspaper reported on Wednesday, without citing sources. GAC will likely convert the plant, in Hunan province, to a production base for electric vehicles, the paper said. Mitsubishi Motors said talks about the future of its China business with the shareholders in the joint venture (JV) in the country were ongoing and that nothing had been decided about it.
- Reuters
UPDATE 2-Toyota's China joint venture dismisses about 1000 workers
Toyota Motor's joint venture (JV) in China said on Monday that it has terminated early the contracts of about 1,000 dispatch workers, in a sign of pressure on automakers from a price war in the world's largest auto market. The JV between Toyota and China's state-owned Guangzhou Automobile Group (GAC) laid off the workers over the weekend and offered them compensation, three workers, who declined to be named for privacy, told Reuters earlier.
- Reuters
Mitsubishi's China JV to cut staff costs after SUV sales dive
Mitsubishi Motors' joint venture with China's Guangzhou Automobile Group (GAC) on Thursday said it would cut staff costs to try to revive its fortunes after sharp sales declines for sport utility vehicles (SUV) such as the Outlander. State-owned automaker GAC said in a statement the venture would look to "optimise" its employment as part of an effort to rescue and transform the venture. GAC did not say how many employees would be affected.
