Key facts
- China FAW Group and Guangzhou Automobile Group are advancing a restructuring deal.
- The deal is seen as testing a new path for consolidation in China's auto industry.
A long-discussed restructuring between state-owned carmakers China FAW Group Co. Ltd. and Guangzhou Automobile Group Co. Ltd. (GAC) has shifted into a higher gear, signaling a potential new direction for consolidation within China's automotive sector.