J.P. Morgan 2016 Auto Conference
Joint Venture Structure
Strategic Plan
> Components for China &
Asia Pacific
> Regional growth
> Low cost engineering and
innovation
Tailored Strategy for Each JV
Equity Share
Joint Venture
Chinese Group Partner
OEM partnered with Chinese Auto Group
JCI
Partner
SAIC
SAIC
GM
Ford
VOLVO
YFJC
Sub-partners
KIA
49.99%
50.01%
CITROËN
PEUGEOT
Chang'An
Dongfeng
> Operational Efficiency
Seating
> Leverage current
relationship
FJC
FAW
BJC
BAIC
> Separate seating & interior
business
GAJC
GAC
> Growth focus on luxury
segment
CGJC
SJJ
Brilliance
24
NISSAN
W
50.0%
50.0%
☑
51.0%
49.0%
FIAT
52.0%
48.0%
50.0%
50.0%
JCYM
HASCO
Supply all non-FAW customers
50.0%
50.0%
华威汽车
> Grow Mechanisms share
of market
FFJC
FAW
==
Supply all FAW customers
50.0%
50.0%
Components
WFJC
Wanfang
Focus on global OEMs
> Fabrics capabilities
NNGJC
NNG
Focus on local OEMS
100.0%
30.0%
70.0%
Interiors
Yanfeng Automotive Interiors (YFAI)
2015A Equity Income: $295mm & Cash Dividends: $193mm
30.0%
70.0%
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