Dongfeng Motor Team Co. surged nearly 90% in Hong Kong after the Chinese language automaker stated its father or mother corporate plans to restructure, a transfer traders speculated may kick get started a wave of consolidation within the country’s ultra-competitive automobile marketplace.Dongfeng Motor Corp. is making plans a restructuringBloomberg Terminal with different central state-owned endeavor teams that can result in a transformation in its controlling shareholder, Dongfeng Motor Team stated in an alternate submitting Sunday.
