Chinese firm acquired US car assembly plant AM General for $110 million
SF Motors, a subsidiary of southwestern China's Chongqing Sokon Industry Group, bought American heavy vehicle and contract automotive manufacturer AM General car assembly plant for $110 million.
Founded in 1970, Indiana-based AM General is well-known for their products the Hummer and the military heavyweight Humvee. (Sokon's subsidiary, SF Motors, is based in Silicon Valley, California and produces clean electric vehicles. On the other hand, Sokon is one of China's top manufacturers of engines and other automotive parts as well as mini trucks and mini buses.)
To see a list of investors from China similar to Chongqing Sokon Industry Group, check the Chinese Investors Directory.
More details follow:
October 24, 2017 |
Filed under China Private Equity
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