Mainland carmakers Guangzhou Auto and Chery in bid to beat slow market

Guangzhou Automobile Group, the Chinese partner of Japan's Toyota Motor and Honda Motor, formed an alliance with fellow mainland firm Chery Automobile yesterday to share core technology and management experience in an attempt to boost competitiveness in a slowing market.

The deal is the first of its kind between two mainland carmakers in the world's largest car market that is still dominated by foreign brands.

via Business feed http://www.scmp.com/business/china-business/article/1076576/mainland-carmakers-guangzhou-auto-and-chery-bid-beat-slow