Saab importer Yi Zhuge will compensate Zhongjin Motor Trade
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However, the reporter of the Economic Observer Online has learned that the huge automakers and the Sino-Japanese Automakers will not “run away from the gunsâ€. Pang Qinghua, the chairman of the huge automobile trade, recently revealed in an interview with the media that the huge auto trade will "compensate" China Import and Export Auto Trade in exchange for the latter's early termination of the cooperative relationship with Saab in the sales of imported vehicles.
"We have negotiated and decided that by the end of this year, the contract between SAIC Motors and Saab will be gradually cancelled. In order to compensate China Import and Export Auto Trade, in the future SAAB's sales channels, it will reserve a maximum of 5 4S stores for SAIC Motors. "The quota," said Pang Qinghua, according to the agreement, the huge possession of Saab in 50% of the number of 4S stores in China, the other 50% of the shares are independent dealers, Saab believes that each of these 50% can better market.
In fact, as an import service provider for Saab vehicles, China Import & Export Auto Parts Co., Ltd. signed an agreement with Saab as early as March of this year, and the signing is three years. However, with Saab’s “new enthusiasmâ€, the industry is concerned that Saab’s cooperation plan with China Import and Export Automobile Import and Export Co., Ltd. may be completely frustrated. According to the cooperation memorandum reached last week with Sevier’s parent company Spyker, the joint venture sales company formed with Saab in the future will become the importer of Saab and the future domestic Saab.
“The 50% of independent dealers have a large number of referral rights and are ultimately approved by a joint venture sales company.†Pang Qinghua revealed that the 50% of independent dealers included 8 4S stores left by Saab before history, as well as The five 4S stores of China Merchants Automobile Trading Co., Ltd. “It is similar to Subaru. At the time, it was also a large number of independent dealers. There are now 18 independent dealers in the Subaru network.â€