Guangzhou Automobile Group Co., the Chinese partner of Toyota Motor Corp. and Honda Motor Co., has delayed plans for an initial public offering (IPO) due to slowing cars sales and plunging stock markets, said Shanghai Securities News today. However, Guangzhou Auto will move ahead with its plan to launch its own-brand cars by 2010.

Guangzhou Automotive Group Co (GAC) now is in talks with Italian carmaker Fiat on technology cooperation, which includes GAC buying a manufacturing platform from Fiat for own-brand technology development, China Business reported last Saturday, citing sources of Fiat.

Shanghai, August 11 (Gasgoo.com) After long talks, Guangzhou Automobile Group is set to acquire Changfeng Motor by buying out the latter's shares by the end of this year, and meanwhile Mitsubishi Motors' loss-making operations in China are likely to get opportunities for recovery, said First Financial Daily today.