Based On The Core Competitiveness Chinese Auto Companies Overseas M & A Target Selection Research

With the accelerating process of globalization, transnational mergers and acquisitions are becoming the main means of foreign direct investment, but because of cross-border mergers and acquisitions involving two or more countries, different countries have different political, economic, cultural, legal and so on ,overseas mergers and acquisitions Risk and difficulty to be much larger than domestic M &. Among them, the target company's choice is the key to the success of mergers and acquisitions issues. Chinese car companies in recent years, there have been news of mergers and acquisitions of foreign companies, most of these mergers failed, the most important reason is the inappropriate choice of target enterprises.This idea is at the core competence theory, based on the core competition of the automotive masterpiece is defined, from the main and side of the core competence and development proceed, and under the theory of overseas mergers and acquisitions, mergers and acquisitions of overseas companies have chosen to target the core Combine competitiveness, this paper presents a choice of acquisition targets enterprise methods and models to our car on the Overseas target selection has practical significance.Firstly, the Chinese auto companies in the existing features and introduce the current situation of overseas mergers and acquisitions, according to auto companies and the status of the core competitiveness of the special nature of overseas mergers and acquisitions, M&A target for overseas development companies have chosen the general standards, according to these criteria, in M&A can help the Chinese automobile enterprises selected a few candidate enterprises; and the introduction of AHP and DS evidence theory to create a Decision Model AHP-DS, the model multi-level index system is based on the core competitiveness and the need to consider overseas acquisitions factors to design a total of three layers, there are 20 criteria, the first layer has seven indicators, namely technological capability, production capacity, resource management, staff capacity, profitability, market control, risk factors, Each has a two-level indicators and the following indicators calculated by the AHP weights for each criterion, the level of total order; then combined with DS evidence theory is an example of how to select from three candidates for the best goal of the enterprise business mergers and acquisitions. Finally, the core of the competitiveness of automotive companies and overseas M & A situation, made a number of Development.