Deng Zhiyou May Replace Xu Liuping for Chairman of CCAG

It is reported that Xu Liuping, the former chairman of CCAG, will be the president of China South Industries Group Corporation and the former vice president of CSGC will be the chairman of CCAG. It is verified by CCAG, although there isn't any files about it. Deng Zhiyou, as veteran of CCAG, has abundant background of technique and capital operation. He began to follow Yi JIaxu, the former president of South Auto, as early as Dec. 2005 and acted as the vice president of CCAG in Jul. 2009. It is widely believed that the sales target of 4.5 million in 2015 is the biggest challenge for Deng Zhiyou.