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GAC Changfeng Motor Co Ltd is a Chinese automobile manufacturer wholly owned by GAC Group but originated as a branch of the People's Liberation Army. Changfeng produces mainly light trucks, and as of 2008 the majority of their sales have been to the Chinese state. The company has manufactured license built Mitsubishi Pajero copies sold in China under the Mitsubishi brand as well as Pajero variations that bear the brand name ''Lièbào'', which means cheetah.〔(Guangzhou Auto Acquires Small SUV Maker Changfeng Motor ) chinabuses.com, 2009-05-31〕〔(Pajero ) Changfeng Official Site (Web Archive)〕 They also offer three variations of Mitsubishi pickups: Fine, Flying, and ''Kylin''.〔 The latter takes its name from a mythical Chinese beast, the qilin. ==History== Changfeng has its origins in No.7319 Factory, which was a small repair facility for military equipment.〔(The Chinese are coming! Superexcellent! Changfeng is latest Chinese automaker with U.S. dreams ) motortrend.com, January 9, 2007〕 Production of SUVs (license built Beijing BJ2020s) began in 1988, and in 1996 the name of the company was changed to Changfeng Auto Manufacturing. Until 1996, the company was a commercial affiliate of the People's Liberation Army (PLA). The 1991 Mitsubishi Pajero has been built by Changfeng since 1995.〔 The company has exclusively produced light trucks.〔 Presaging a 2012 merger with GAC Group, in 2009 its legal name was changed from Hunan Changfeng Motor Co to GAC Changfeng Motor Co Ltd. ;Acquisition by GAC Group: Prior a minority shareholder with only 29% ownership, GAC Group took control of Changfeng〔 in 2012 after a long run-up dating from 2009 that included promises to turn the company into a joint venture with Mitsubishi.〔 Previously, 22% of the company was owned by Changfeng Group〔(Lagging far behind, Mitsubishi looks to new joint partnership ) peopledaily.com.cn, November 15, 2010〕 and another 15% by Mitsubishi.〔 These stakes were sold in 2011.〔 As a result of being acquired by GAC, the company was delisted from the Shanghai stock exchange from March 20, 2012. During the acquisition process, Changfeng's Shanghai listed stock fluctuated wildly leading to its suspension from October 28, 2010 until sometime after March 17, 2011.〔For 2009 volatility, see *For suspension start date and reason, see *For suspension duration, see 〕 In late 2010, Mitsubishi and Guangzhou Automobile Group signed a memorandum of understanding to set up a new equally owned joint venture by restructuring Changfeng. Although this would have required Mitsubishi to increase its ownership to fifty percent,〔 in 2011 Mitsubishi sold its entire stake in the company, instead.〔 In 2011, it was reported that GAC would take control of Changfeng's ''Lièbào'' brand, which markets SUVs based on the Mitsubishi Pajero built in Changsha and Yongzhou. Production in Changsha was to be discontinued after the transfer to GAC. ;State as primary customer: Originally a company associated with the PLA, it has historically manufactured primarily for Chinese state use. As of 2008 most sales, close to seventy percent,〔(Changfeng Motors, Mitsubishi to expand cooperation ) hktdc.com, 15 Jan 2008〕 were to police, military, and other government agencies.〔(Mitsubishi, Changfeng to form China auto JV ) chinadaily.com, 2008-01-15〕 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Changfeng Motor」の詳細全文を読む スポンサード リンク
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