GUANGZHOU -- Mazda Motor will essentially merge its two key joint ventures in China, the Japanese automaker announced Tuesday, paving the way toward streamlining operations and reviving its flagging sales in China.
Automobiles
Mazda combines ventures with China partners to combat sales slump
Automaker plans joint ops between tie-ups with FAW and Changan Auto
A Mazda production line in Nanjing: The automaker has experienced a steady decline in unit sales in China in recent years. © Reuters
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