Entering the hot July, the car market under the micro-growth situation is not calm, and the headlines have emerged one after another. After the advertising door, the three major central enterprises that have been speculated by the outside world seem to be welcoming a new wave of versions.

The version of this wave is even more varied. Some versions say that the three central enterprises of the automobile industry, FAW, Dongfeng and Changan, will be reorganized and merged into the SINOMACH. Some versions also describe in detail the final destination of the top three state-owned enterprises. The version clearly stated that the reorganization will be seen from August, and for a time, it can be said that it is a rumor.

As the three state-owned enterprises under the jurisdiction of the State-owned Assets Supervision and Administration Commission, its turmoil will trigger an uproar in the automobile circle. This time, it contains many unheard-of details that are suspected of “explosion”, which naturally makes the car circle inside and outside. FAW, which is in the rumor of rumors, also made a clear rumor in its party and group work department, saying that the news that the current three central enterprises merged and reorganized into the Guoqi Group is purely "false information."

Why is the rumor that the central enterprises are "merged" is particularly widespread? In addition to this, there are a lot of unrecognized so-called "reorganization details" that are quite eye-catching. The timing of the rumors is quite subtle.

From the perspective of external conditions, this time is in the stage of deepening the reform of state-owned enterprises. The "Regulations on Investment Management of Automobile Industry (Draft for Comment)" recently announced clearly, "encourage enterprises to carry out mergers and acquisitions and strategic cooperation through equity investment." "Forming an industrial alliance and an industrial complex".

On the same day when the rumors broke out, the State-owned Assets Supervision and Administration Commission (SASAC) just convened a video conference of the heads of the local enterprises of the Central Enterprise. According to the official website of the State-owned Assets Supervision and Administration Commission, Hao Peng, secretary of the Party Committee of the State-owned Assets Supervision and Administration Commission, presided over the meeting and delivered a speech. Structural reform, strengthen and optimize the main business, promote restructuring and integration, deepen slimming and health, improve investment management, enhance innovation capability, continue to expand openness and cooperation, and further consolidate the foundation of high-quality development of enterprises." Obviously, restructuring, mergers and acquisitions And integration has become the key word for the reform of central enterprises and the ability to enhance innovation, and this seems to have become the way of interpreting the signs of interaction between the three central enterprises.

On the other hand, the big move between the three central enterprises to form a T3 travel service company has directly become a rumored "fire". Recently, China First Automobile Group Co., Ltd., Dongfeng Motor Group Co., Ltd., Chongqing Changan Automobile Co., Ltd. The company officially signed a mobile travel intention agreement, determined to integrate the three resources of the three parties, and jointly established a T3 travel service company.

Some analysts pointed out that the establishment of this shared travel project is only another landing of the previously signed strategic cooperation framework agreement. In December last year, Changan Automobile, China FAW and Dongfeng Motor signed a strategic cooperation framework agreement. According to the strategic cooperation agreement, the three parties will launch four areas of forward-looking common technology, automobile full-value chain operation, expansion of overseas markets and exploration of new business models. Cooperation.

In addition, the car headline APP noticed that the successive personnel exchanges of the three central enterprises have become one of the main reasons for many speculations. Just in May of this year, Liu Weidong, member of the Standing Committee and Deputy General Manager of Dongfeng Motor Group Co., Ltd., was transferred to the Bingzhuang Group. Lei Ping, executive vice president and party secretary of Dongfeng Motor Co., Ltd., served as deputy general manager of FAW and assistant general manager of FAW Group, Yu Wei. Deputy General Manager of Dongfeng Company.

At the end of June, the general manager of FAW Group, which had been vacant for two years, was replaced by airborne troops and Guohua. On June 27, the official website of China First Automobile Group Co., Ltd. announced that it was entrusted by the leadership of the Central Organization Department and the Central Organization Department. The responsible comrades of the cadre bureau announced the decision of the central government on the appointment of the general manager of FAW Group, and decided to be the director, general manager and deputy secretary of the party committee of Qi Guohua. It is regarded by some as a key figure in promoting the merger of the three major auto companies, because the general manager of Yan Guohua's adjustment of the FAW Group is still rare in the auto central enterprises. Previously, leading cadres of automobile state-owned enterprises were mostly produced through internal training.

From the point of view, it seems that all kinds of signs indicate that the merger of the three central enterprises is imperative, but it should be pointed out that the merger of three large-scale central enterprises of such a scale will inevitably lead to the whole body, the management of the three central enterprises, How to properly handle tens of thousands of employees and dozens of joint ventures is a major issue that has never been difficult. The high-level change of defense means paving the way for restructuring, and there is no necessary connection.

Many insiders of the three central enterprises said, "These are normal personnel changes. It is only a high-level reconciliation between the three central enterprises. There is no need to over-interpret them." The expansion of the personnel exchange and the joint venture business are actually The inevitable result of the strategic coordination of the three central enterprises, but not necessarily the preparation for mergers and acquisitions.

Another analyst pointed out that the rumors of mergers and acquisitions of the three central enterprises have continued for so long. In fact, they reflect the strong desire for reform of state-owned enterprises inside and outside the automobile circle, and the urgent expectation that the central enterprises will face difficulties and become stronger and stronger. The performance of public opinion. In the past 2017, Dongfeng Company's cumulative sales volume was 4.12 million units, Changan Automobile's cumulative sales volume was 2.872 million units, and FAW Group's cumulative sales volume was approximately 3.346 million units. Therefore, if the three central enterprises merge in the future, China's first thousand The 10,000-level car company will be officially born. But such a simple superposition is difficult to form a synergy.

2018 is the 40th anniversary of China's reform and opening up. In this rather special time node, the development of the automotive industry is also welcoming new opportunities and time windows. Although the three central enterprises are "merged" is still in the rumor stage, there is no real hammer indicating that it will be fully launched in August, but the industry needs to think that the exploration of the central enterprises is getting bigger and stronger.

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