Zhou Zhiping, former general manager of Dongfeng Motor (HKG:0489), was appointed as director and general manager of China South Industries Group (CSGC), the parent of Chongqing Changan Automobile (SHE:000625), Yicai Global reported Tuesday.
Zhou succeeded Zhang Yujin, who was named general manager of Aero Engine Corp. of China, Yicai said, citing a statement from CSGC.
While neither company has confirmed a partnership, industry rumors suggest a strategic restructuring between Dongfeng and Changan at the group level, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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