China Motor to list Green Express on Taiwan's emerging stock board, imports new Outlander in September
Taiwan's China Motor is pushing ahead with a spin-off listing and a new SUV launch, a modestly positive signal for investors even as its mainland China joint venture struggles.
- China Motor plans to list its Green Express affiliate on Taiwan's emerging stock board and will sell some shares to employees.
- A new imported Outlander SUV arrives in September with mild-hybrid power, all-wheel drive, and driver-assist features.
- Selling more passenger cars could slightly squeeze profit margins, since that market is crowded and thin on profit.
- Its Fujian Benz venture had a rough start to the year, with deliveries under 600 units in the first quarter, but rebounded to 1,700 between April and June.
- Redesigns of the MG HS and ZS are still under study, with no timeline given.
Outlook: The Green Express listing should add steady investment income, while the Fujian Benz turnaround looks like it has passed its worst point.