Alibaba-Backed Chinese Car Service Provider Acquires Automaker Borgward In $610M Deal

Chinese car service provider UCAR Inc. announced on late Monday that it would pay RMB 4.10 billion (US$610.63 million) for a majority stake in the country’s car manufacturer Beijing Borgward Automobile Co. An affiliate of UCAR would spend over RMB4.10 billion (US$610.59 million) in cash to acquire a 67% stake in Borgward from Changsheng Industrial […]

Alibaba-Backed Chinese Car Service Provider Acquires Automaker Borgward In $610M Deal comes originally from China Money Network. All Rights Reserved.

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