Similar to the invention of the airplane, the emergence of automobiles has had a profound effect on our everyday lives. Fujian Motors Group holds a 15% stake in King Long FMG, China Motor , and Daimler has a joint venture called Fujian Benz FMG, China Motor, and Mitsubishi Motors has a joint venture called Soueast , FMG holds a 50% stake, and both China Motor and Mitsubishi Motors holds an equal 25% stake.
Although the company had been founded by the German government, in the 1960s the government divested itself of 60 percent of its interest by selling stock to the public, an unusual case of denationalization in an era when nationalization of industry was far more common.
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DETROIT, May 24 (Reuters) – Chrysler Group LLC was set on Tuesday to repay $7.5 billion in U.S. and Canadian government loans from its 2009 federal bailout, a move that will allow the U.S. automaker to distance itself from an unpopular bailout and deepen its ties with Italian automaker Fiat SpA ().
The Automotive Industrial Partnership was established by the Automotive Council in 2014, bringing together leading automotive companies and government to ensure the UK’s automotive sector has the pipeline of skills talent it needs now and for the future.