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Revision as of 03:41, 1 February 2019 editUrbanoc (talk | contribs)Extended confirmed users12,963 edits Expanding on the strong presence of Ford in this company as a significant shareholder, something this article barely aknowlegde, rm dated info← Previous edit Revision as of 03:44, 1 February 2019 edit undoUrbanoc (talk | contribs)Extended confirmed users12,963 editsm →HistoryNext edit →
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The history of Jiangling Motors Corporation can be traced to a truck repair shop opened in ] in 1952 which operated under the name Nanchang Motors Repair Factory. In January 1993, the company entered into the Isuzu Joint Venture with ] and ]. The joint venture acquired the non-exclusive right to produce the cab compartment and certain components of N-Series light truck and to assemble vehicles. The company was granted the approval of Jiangxi Province Economic Restructuring Commission to be reorganized to establish a joint stock limited company on February 20, 1993. JMC A shares and B shares were listed on ] on December 1, 1993 and September 29, 1995, respectively.{{cn}} The history of Jiangling Motors Corporation can be traced to a truck repair shop opened in ] in 1952 which operated under the name Nanchang Motors Repair Factory. In January 1993, the company entered into the Isuzu Joint Venture with ] and ]. The joint venture acquired the non-exclusive right to produce the cab compartment and certain components of N-Series light truck and to assemble vehicles. The company was granted the approval of Jiangxi Province Economic Restructuring Commission to be reorganized to establish a joint stock limited company on February 20, 1993. JMC A shares and B shares were listed on ] on December 1, 1993 and September 29, 1995, respectively.{{cn}}


In 1995, ] acquired B shares equivalent to a 20% equity in JMC, becoming the second-largest shareholder.<ref name=BOOK3>{{cite book |last1=Moser |first1=Michael J. |last2=Yu |first2=Fu |title=Doing Business in China |publisher=Juris Publishing |page= |year=2014 |isbn=9781578231553 |url=https://books.google.com/books?id=MthIFAIf3BUC&pg=PT3175&dq=Jiangling+Ford+1995&hl=en&na=X&ved=0ahUKEwjxr-j-wZngAhXFEbkGHRthAQYQ6AEIJDAA#v=onepage&q=Jiangling%20Ford%201995&f=false}}</ref><ref name=BOOK2>{{cite book |last1=Luo |first1=Yadong |title=How to Enter China |publisher=University of Michigan Press |page=300 |year=2000 |isbn=9780472111886 |url=https://books.google.com/books?id=vfs_W87RUvUC&pg=PA300&dq=Jiangling+Ford+1995&hl=en&na=X&ved=0ahUKEwjxr-j-wZngAhXFEbkGHRthAQYQ6AEIKDAB#v=onepage&q=Jiangling%20Ford%201995&f=false}}</ref> In 1997, after JMC issued additional B shares, Ford upped its stake to 30%.<ref name=BOOK3/><ref name=BOOK2/> In 2013, Ford purchased more B shares, increasing its stake to over 30%.<ref>{{cite news|url=https://www.reuters.com/article/us-ford-jiangling-stake/ford-raises-stake-in-chinas-jiangling-motors-idUSBRE93G05320130417 |title=Ford raises stake in China's Jiangling Motors |last1=Yan |first1=Fang |last2=Takada |first2=Kazunori |publisher=Reuters |date=17 April 2013 |accessdate=1 February 2019}}</ref> In 1995, ] acquired B shares equivalent to a 20% equity in JMC, becoming the second-largest shareholder.<ref name=BOOK3>{{cite book |last1=Moser |first1=Michael J. |last2=Yu |first2=Fu |title=Doing Business in China |publisher=Juris Publishing |page= |year=2014 |isbn=9781578231553 |url=https://books.google.com/books?id=MthIFAIf3BUC&pg=PT3175&dq=Jiangling+Ford+1995&hl=en&na=X&ved=0ahUKEwjxr-j-wZngAhXFEbkGHRthAQYQ6AEIJDAA#v=onepage&q=Jiangling%20Ford%201995&f=false}}</ref><ref name=BOOK2>{{cite book |last1=Luo |first1=Yadong |title=How to Enter China |publisher=University of Michigan Press |page=300 |year=2000 |isbn=9780472111886 |url=https://books.google.com/books?id=vfs_W87RUvUC&pg=PA300&dq=Jiangling+Ford+1995&hl=en&na=X&ved=0ahUKEwjxr-j-wZngAhXFEbkGHRthAQYQ6AEIKDAB#v=onepage&q=Jiangling%20Ford%201995&f=false}}</ref> In 1998, after JMC issued additional B shares, Ford upped its stake to 30%.<ref name=BOOK3/><ref name=BOOK2/> In 2013, Ford purchased more B shares, increasing its stake to over 30%.<ref>{{cite news|url=https://www.reuters.com/article/us-ford-jiangling-stake/ford-raises-stake-in-chinas-jiangling-motors-idUSBRE93G05320130417 |title=Ford raises stake in China's Jiangling Motors |last1=Yan |first1=Fang |last2=Takada |first2=Kazunori |publisher=Reuters |date=17 April 2013 |accessdate=1 February 2019}}</ref>


At the 2006 ], Landwind returned to Europe and displayed an updated version of their sport utility vehicle, the ], as well a ] called ] that would compete in the same size class with products such as the ]. At the 2006 ], Landwind returned to Europe and displayed an updated version of their sport utility vehicle, the ], as well a ] called ] that would compete in the same size class with products such as the ].

Revision as of 03:44, 1 February 2019

Jiangling Motors Corporation Limited
Company typePublic limited company
Traded asSZSE: 000550
IndustryAutomotive
Founded1968
HeadquartersNanchang, Jiangxi, China
Key people
  • Tiangao Qiu (Chairman)
  • David Schoch (Vice Chairman)
  • Thomas Fann (President)
ProductsAutomobiles
Number of employees16,865
Subsidiaries
Websitewww.jmc.com.cn/en

Jiangling Motors Corporation Limited (simplified Chinese: 江铃汽车公司; traditional Chinese: 江鈴汽車公司; pinyin: Jiānglíng Qìchē Gōngsī), abbreviated JMC, is a Chinese automobile manufacturer. The company has operated a commercial vehicle joint venture with Isuzu Motor Company since 1997. JMC also has a passenger car-producing joint venture with Changan, called Jiangling Motor Holding, which sells vehicles under the Landwind marque.

History

The history of Jiangling Motors Corporation can be traced to a truck repair shop opened in Nanchang in 1952 which operated under the name Nanchang Motors Repair Factory. In January 1993, the company entered into the Isuzu Joint Venture with Isuzu and Itochu. The joint venture acquired the non-exclusive right to produce the cab compartment and certain components of N-Series light truck and to assemble vehicles. The company was granted the approval of Jiangxi Province Economic Restructuring Commission to be reorganized to establish a joint stock limited company on February 20, 1993. JMC A shares and B shares were listed on Shenzhen Stock Exchange on December 1, 1993 and September 29, 1995, respectively.

In 1995, Ford acquired B shares equivalent to a 20% equity in JMC, becoming the second-largest shareholder. In 1998, after JMC issued additional B shares, Ford upped its stake to 30%. In 2013, Ford purchased more B shares, increasing its stake to over 30%.

At the 2006 Paris Motor Show, Landwind returned to Europe and displayed an updated version of their sport utility vehicle, the X-Pedition, as well a compact MPV called Fashion that would compete in the same size class with products such as the Kia Carens.

In late 2010, Jiangling released the first passenger vehicle of JMC under the newly launched JMC Yusheng sub-brand, the Yusheng S350 SUV.

In 2015, Jiangling created an electric vehicle subsidiary aimed at supplying smaller cities on China's inland, named JMEV.

On February 29, 2016, the Ministry of Industry and Information Technology shut down JMC and 12 other automobile manufacturers that did not meet mandatory production evaluations for two consecutive years.

Products

JMC (Jiangling)

A brand mainly for commercial vehicles

A JMC Teshun photographed in Shanghai, China
A JMC Boarding photographed in Cancun, Mexico
A JMC Yusheng photographed in Shanghai, China
A JMC Yunba photographed in Dandong, China

Yusheng

Main article: JMC Yusheng

A brand for passenger vehicles.

Landwind

A joint venture with Changan Automobile for crossovers and SUVs.

Licensed Ford production

New energy vehicle

Main article: JMEV

Production bases

Production bases include a Ford plant in Nanchang, .

See also

References

  1. "Profile of Jiangling Motor Holding Co.,Ltd(JMH)". Jiangling Motor Holding. Archived from the original on 28 January 2013. Retrieved 6 January 2013. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  2. ^ Moser, Michael J.; Yu, Fu (2014). Doing Business in China. Juris Publishing. ISBN 9781578231553.
  3. ^ Luo, Yadong (2000). How to Enter China. University of Michigan Press. p. 300. ISBN 9780472111886.
  4. Yan, Fang; Takada, Kazunori (17 April 2013). "Ford raises stake in China's Jiangling Motors". Reuters. Retrieved 1 February 2019.
  5. "JMC, a Ford Partner, Releases First Passenger Car–Yusheng SUV". ChinaAutoWeb.com. 5 December 2010.
  6. "Groupe Renault and JMCG announce EV cooperation in China". Automotive News Gasgoo. 20 December 2018. Retrieved 19 January 2019.
  7. Li, Fusheng (7 March 2016). "New govt sweep clears industry of 'zombies'". China Daily. Retrieved 9 November 2018. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  8. "Short Torque". China Daily. 20 December 2010.

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