Posted Tuesday, June 27, 2023 at 10:31pm
PD Group, once the largest automotive dealer in China, has officially withdrawn from Subaru China, leaving Subaru Corporation in Japan the sole controlling shareholder. The move transforms Subaru China from a joint venture to a wholly-owned foreign entity. Subaru Corporation is a Japanese automotive manufacturing company. In March 2006, the auto manufacturer and PD Group established Subaru China, with ownership stakes of 60% and 40%, respectively, to import cars into the Chinese market and wholesale them to brand dealerships.
