Study On Cross-Border M&A Of China's Auto Industry

Under the push of the fifth merger tide in the world and with the adjustment and transformation of the industrial structure of the world, the foreign capitals of China have broken through the management mode relying mainly on alliance or individual proprietorship and launched the behavior of merging progressively `which had become the new research focus. After long-term alliance of China's auto industry, a great deal of drawback has exposed and it has become a difficult problem to be urgently solved that how to utilize foreign capitals to promote the development of auto industry.The whole paper is divided into six chapters. Chapter one, on the basis of the current situation of China's economy and auto industry, the realistic meaning of the study on cross-border M&A of China's auto industry has been put forward. Besides, the study frame of the paper has been proposed on the basis of summarizing the situation of the domestic and international cross-border M&A of the auto industry. Chapter two, according to the development and characteristic of the China's auto industry, two kinds of main forms of utilizing China's foreign capitals are comparatively analyzed and it is pointed out that the cross-border M&A has become the main way to China's auto industry gradually.Chapter three, from the angles of the whole analysis, internal structure, merging subject and merging mode, the current situation of the cross-border M&A of China's auto industry is analyzed and the characteristic is opened out. Chapter four, from three angles of China's Government, target enterprise and merging side, the reason why cross-border M&A of China's auto industry happens is analyzed and probed.Chapter five, the positive and negative influence of cross-border M&A are analyzed emphatically and it is pointed out that cross-border M&A should be scientifically viewed as a new mode. Furthermore, the government should play a leading role to lead and manage cross-border M&A actively and to give full play to its positive influences but evade its negative effect.Finally, the whole paper is summarized. it is pointed out that cross-border M&A of China's auto industry is an irreversible trend. The government should lead the target enterprises and the field of cross-border M&A through the policy, avoiding such phenomena threatening the security of national economy as the loss of state-run assets caused by merging and guaranteeing the benign development of auto industry.