Brilliance China Automotive Holdings, Inc., front-and-center in the news of late thanks to a disastrous performance by its BS6 sedan in German crash tests last month, has announced that it's delisting its American Depositary Shares from the New York Stock Exchange. Brilliance is making its exit due to a decline in trading volume and an uptick in related administrative costs.
The shares will me made available over-the-counter once the delisting is complete, and regular shares in the company will continue to be traded via the Hong Kong Stock market. brilliance is BMW's partner in the Chinese market, where it manufactures cars for the German automaker. As previously noted, it also builds its own branded vehicles such as the aforementioned BS6 (a.k.a. the Zhonghua in China), the Jinjue, shown above, and others.
[Sources: AP, The Auto Channel]
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Reader Comments (Page 1 of 1)
peij @ Jul 8th 2007 1:47PM
Unlike the BS6, the shown Jinjue (BS4?) is a good looking car. I hope it does better on tests. I think it's a newer design, so it should. Even further OT, any news about the Jinjue coming to Europe?
AMGoff @ Jul 8th 2007 2:52PM
Amazing how everyone is quick to bash Chrysler for partnering with Chery even when BMW has long partnered with Brilliance. Oh wait! I forgot, it's BMW and they're German, so rational thought need not apply.
Hmm.. "The Readers of Autoblog - Hypocrites at their finest!"
Fatima @ Jul 8th 2007 3:17PM
You are a retard, chinese law requires foreign companies to partner with domestic companies. BMW chose Brilliance to build their cars for the CHINESE market. All of the Chinese car brands suck, so it doesn't matter who picks who.
jgp @ Jul 8th 2007 3:29PM
Actually, I'm exceedingly disappointed in every automaker that has a presence in the Chinese market.
There should be a law in all civilized parts of the world making it illegal to deal with communists.
AMGoff @ Jul 8th 2007 5:26PM
Fatima, how is it that I'm the retard when you fail to comprehend basic english.
The fact remains that when it was announced that Chrysler would be partnering with Chery to manufacturer cars for them, everyone was in an uproar. Why? Because it's Chrysler, but when BMW does it there's nary a whisper.
How bout you just go wash you wash your Toyonda already instead of coming on here and calling people retards.
Barney @ Jul 9th 2007 1:21AM
"There should be a law in all civilized parts of the world making it illegal to deal with communists."
Why?
mdm-adph @ Jul 9th 2007 10:33AM
"There should be a law in all civilized parts of the world making it illegal to deal with communists."
Change that to "fascists" or "totalitarians" and you've got a deal. China hasn't really been truly "communist" in a long, long time.
cwerdna @ Jul 8th 2007 4:18PM
The crazy part is that Brilliance's stock went up almost 12% the day they announced he delisting. See http://finance.yahoo.com/q/bc?s=CBA&t=5d.
seoultrain @ Jul 8th 2007 4:36PM
I still don't know how their stock held up after those crash tests were released. Any chance of success in Europe or America were destroyed along with those A-pillars.
seoultrain @ Jul 8th 2007 7:23PM
right, but those tests didn't make anywhere near as much news as brilliance's tests. I hadn't even heard about those tests before a month ago.
Mike I @ Jul 8th 2007 6:00PM
Why on earth does BMW support manufacturers who RIP off their designs at the same time as they manufacture for them?
aSHIRTandTIEguy @ Jul 8th 2007 8:52PM
Can some please tell me how this SH_T BOX Brilliance company has anything to do with BMW? No offence to China, but is it the Chinese who are making BMW produce the hideous X6? Did BMW decided to become retarded and use Chinese design and engineering?
TheVoiceOfReason @ Jul 8th 2007 9:00PM
Mike I:
Simple, because if they want access to the massive and growing Chinese market they have to follow the Chinese government's mandates. One of those includes having to partner with a Chinese car company.
For an automaker like BMW it is less of a risk though, as their bread and butter in the rest of the world is in quality luxury vehicles. There is little threat to them from the Chinese automakers in the near future in that area, as they will still carry the stigma of "cheap foreign junk" just as the Koreans did until recently. It takes alot of time to change perceptions.
Bob R. @ Jul 8th 2007 10:34PM
I have to agree with #1, thats not a bad looking car at all.
Barney @ Jul 9th 2007 1:24AM
I agree! If the quality is there, it'll do well.
Mike @ Jul 19th 2007 7:25PM
True, but it's already being built and it's called a BMW.
MosquitoControl @ Jul 9th 2007 9:42AM
AMGoff - the difference is BMW has partnered with Brilliance for the Chinese market exclusively, whereas Chrysler is talking about bringing Chery's to the US under the Chrysler brand.
See the difference there? BMW is partnered with Brilliance by law for the Chinese market, Chrysler is partnered with Chery by choice for the world market.