financetom
Business
financetom
/
Business
/
China's Changan restructured as independent state-owned automaker, CCTV reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
China's Changan restructured as independent state-owned automaker, CCTV reports
Jul 28, 2025 8:19 PM

BEIJING (Reuters) -Changan Automobile has begun operating as an independent automaker controlled by China's central government, state television CCTV reported on Tuesday.

The spin-off from state-owned China South Industries Group Corp was established in Chongqing on Tuesday.

With 117 subsidiaries, the restructured new automaker will focus on smart vehicles, robots, flying cars and embodied intelligence, among other fields. It also has plans to step up expansions into markets including Southeast Asia, the Middle East, Central and South America and Europe, the report said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Ionis Pharmaceuticals Prices $700 Million Notes Offering
Ionis Pharmaceuticals Prices $700 Million Notes Offering
Nov 13, 2025
03:16 AM EST, 11/13/2025 (MT Newswires) -- Ionis Pharmaceuticals ( IONS ) said Thursday it priced a private placement of $700 million principal amount of 0% convertible senior notes due 2030. The initial purchasers have been granted a 13-day option to purchase up to $70 million additional amount of notes. Net proceeds, estimated to be about $682.8 million to $751.2...
Toyota to recall over 126,000 US vehicles over engine stall risk
Toyota to recall over 126,000 US vehicles over engine stall risk
Nov 13, 2025
(Reuters) -Toyota ( TM ) is recalling 126,691 Tundra and Lexus vehicles in the U.S. over manufacturing debris that may stall the engine, the U.S. National Highway Traffic Safety Administration said on Thursday. NHTSA said the remedy is under development and will be performed once available.  (Reporting by Ananya Palyekar in Bengaluru; Editing by Mrigank Dhaniwala) ...
Airbnb turns to Spain's villages as cities tighten rules
Airbnb turns to Spain's villages as cities tighten rules
Nov 13, 2025
MADRID (Reuters) -Vacation rental firm Airbnb ( ABNB ) will invest in the promotion of inland towns across Spain over the next three years to tap into rural tourism, as major cities restrict short-term rentals in the world's second-most visited country after France. Cities such as Barcelona plan to ban all short-term rentals by 2028, while destinations including the Balearic...
Toyota to recall over 126,000 US vehicles over engine stall risk
Toyota to recall over 126,000 US vehicles over engine stall risk
Nov 13, 2025
Nov 13 (Reuters) - Toyota ( TM ) is recalling 126,691 Tundra and Lexus vehicles in the U.S. over manufacturing debris that may stall the engine, the U.S. National Highway Traffic Safety Administration said on Thursday. NHTSA said the remedy is under development and will be performed once available. (Reporting by Ananya Palyekar in Bengaluru; Editing by Mrigank Dhaniwala) ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved