CONSORTIUM G DINA GROUP INC
SC 13G/A, 1999-02-16
MOTOR VEHICLES & PASSENGER CAR BODIES
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                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G
                    Under the Securities Exchange Act of 1934
                                 Amendment No. 8



                      Consorcio G Grupo Dina, S.A. de C.V.
- -------------------------------------------------------------------------------
                                (Name of Issuer)



                          Series L Stock, no par value
- -------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                    210306205
                  --------------------------------------------
                                 (CUSIP Number)





                                December 31, 1998
- -------------------------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)


Check the  appropriate box to designate the rule pursuant to which this Schedule
is filed:

[_] Rule 13d-1(b)

[X] Rule 13d-1(c)

[_] Rule 13d-1(d)



                                Page 1 of 9 pages
<PAGE>

- -----------------------
  CUSIP No. 210306205                   13G
- -----------------------

- ------------------------------------------------------------------------------
 1.   Name of Reporting Person
      I.R.S. Identification No. of above Person

           Goldman, Sachs & Co.

- ------------------------------------------------------------------------------
 2.   Check the Appropriate Box if a Member of a Group
                                                                (a) [_]
                                                                (b) [_]

- ------------------------------------------------------------------------------
 3.   SEC Use Only
 


- ------------------------------------------------------------------------------
 4.   Citizenship or Place of Organization
 
           New York

- ------------------------------------------------------------------------------
                     5.   Sole Voting Power
                     
     Number of                 0

      Shares        ----------------------------------------------------------
                     6.   Shared Voting Power
   Beneficially      
                               5,895,577
     Owned by
                    ----------------------------------------------------------
       Each          7.   Sole Dispositive Power
                     
    Reporting                  0

      Person        ----------------------------------------------------------
                     8.   Shared Dispositive Power
       With:          
                               5,895,577

- ------------------------------------------------------------------------------
 9.   Aggregate Amount Beneficially Owned by Each Reporting Person
 
           5,895,577

- ------------------------------------------------------------------------------
10.   Check if the Aggregate Amount in Row (9) Excludes Certain Shares

                                                                    [_]

- ------------------------------------------------------------------------------
11.   Percent of Class Represented by Amount in Row (9)

           10.9%

- ------------------------------------------------------------------------------
12.   Type of Reporting Person

           BD-PN-IA

- ------------------------------------------------------------------------------

                      

                                Page 2 of 9 pages
<PAGE>

- -----------------------
  CUSIP No. 210306205                   13G
- -----------------------

- ------------------------------------------------------------------------------
 1.   Name of Reporting Person
      I.R.S. Identification No. of above Person

           The Goldman Sachs Group, L.P.

- ------------------------------------------------------------------------------
 2.   Check the Appropriate Box if a Member of a Group
                                                                (a) [_]
                                                                (b) [_]

- ------------------------------------------------------------------------------
 3.   SEC Use Only
 


- ------------------------------------------------------------------------------
 4.   Citizenship or Place of Organization
 
           Delaware

- ------------------------------------------------------------------------------
                     5.   Sole Voting Power
                     
     Number of                 0

      Shares        ----------------------------------------------------------
                     6.   Shared Voting Power
   Beneficially      
                               5,895,577
     Owned by
                    ----------------------------------------------------------
       Each          7.   Sole Dispositive Power
                     
    Reporting                  0

      Person        ----------------------------------------------------------
                     8.   Shared Dispositive Power
       With:          
                               5,895,577

- ------------------------------------------------------------------------------
 9.   Aggregate Amount Beneficially Owned by Each Reporting Person
 
           5,895,577

- ------------------------------------------------------------------------------
10.   Check if the Aggregate Amount in Row (9) Excludes Certain Shares

                                                                    [_]

- ------------------------------------------------------------------------------
11.   Percent of Class Represented by Amount in Row (9)

           10.9%

- ------------------------------------------------------------------------------
12.   Type of Reporting Person

           HC-PN

- ------------------------------------------------------------------------------

                      

                                Page 3 of 9 pages
<PAGE>

Item 1(a).         Name of Issuer:
                   Consorcio G Grupo Dina, S.A. de C.V.

Item 1(b).         Address of Issuer's Principal Executive Offices:
                   Tlacoquemecatl 41
                   Colonia del Valle
                   03100, Mexico D.F., Mexico 

Item 2(a).         Name of Persons Filing:
                   Goldman, Sachs & Co. and The Goldman Sachs Group, L.P.

Item 2(b).         Address of Principal Business Office or, if none, Residence:
                   85 Broad Street
                   New York, NY  10004

Item 2(c).         Citizenship:
                   Goldman, Sachs & Co. - New York
                   The Goldman Sachs Group, L.P. - Delaware

Item 2(d).         Title of Class of Securities:
                   Series L Stock, no par value
                   
Item 2(e).         CUSIP Number:
                   210306205

Item 3.            Not applicable.  This Schedule 13G was filed pursuant to Rule
                   13d-1(c).

Item 4.            Ownership.*

          (a).     Amount beneficially owned:
                   See the response(s) to Item  9 on the attached cover page(s).

          (b).     Percent of Class:
                   See the response(s) to Item 11 on the attached cover page(s).

          (c).     Number of shares as to which such person has:

                   (i).     Sole power to vote  or to direct the vote:  See  the
                            response(s) to Item 5 on the attached cover page(s).
 
                   (ii).    Shared power to vote  or to direct the vote: See the
                            response(s) to Item 6 on the attached cover page(s).

                   (iii).   Sole power to dispose  or to  direct the disposition
                            of:  See the  response(s) to Item 7  on the attached
                            cover page(s).

                   (iv).    Shared power to dispose or to direct the disposition
                            of:  See the  response(s) to Item 8  on the attached
                            cover page(s).


- --------------------------
     * The Goldman  Sachs Group,  L.P.  ("GS  Group") and  Goldman,  Sachs & Co.
("Goldman  Sachs")  each  disclaim   beneficial   ownership  of  the  securities
beneficially  owned by (i) any client  accounts  with  respect to which  Goldman
Sachs or employees of Goldman  Sachs have voting or  investment  discretion,  or
both and (ii) certain investment entities,  of which a subsidiary of GS Group or
Goldman Sachs is the general partner, managing general partner or other manager,
to the extent  interests  in such  entities  are held by  persons  other than GS
Group, Goldman Sachs or their affiliates.



                              Page 4 of 9 pages
<PAGE>

Item 5.            Ownership of Five Percent or Less of a Class.
                             Not Applicable

Item 6.            Ownership of More than Five Percent on Behalf of Another 
                   Person.
                             Not Applicable

Item 7.            Identification  and  Classification  of the Subsidiary  Which
                   Acquired the Security Being Reported on by the Parent Holding
                   Company.
                             See Exhibit (99.2)

Item 8.            Identification and Classification of Members of the Group.
                             Not Applicable

Item 9.            Notice of Dissolution of Group.
                             Not Applicable

Item 10.           Certification.
                   By signing  below I certify that, to the best of my knowledge
                   and  belief,  the  securities  referred  to  above  were  not
                   acquired and  are not  held  for the  purpose of  or with the
                   effect of changing  or influencing  the control of the issuer
                   of the securities and were not acquired and are not  held  in
                   connection with or as a participant in any transaction having
                   that purpose or effect.



                                Page 5 of 9 Pages
<PAGE>

                                    SIGNATURE



            After reasonable inquiry and to the best of my knowledge
            and belief,  I certify that the information set forth in
            this statement is true, complete and correct.


Date:  February 14, 1999


                                  THE GOLDMAN SACHS GROUP, L.P.


                                  By:    /s/ Hans L. Reich
                                         -------------------------------------
                                  Name:      Hans L. Reich
                                  Title:     Attorney-in-fact



                                  GOLDMAN, SACHS & CO.


                                  By:    /s/ Hans L. Reich
                                         -------------------------------------
                                  Name:      Hans L. Reich
                                  Title:     Attorney-in-fact



                                Page 6 of 9 Pages
<PAGE>
 
                               INDEX TO EXHIBITS




Exhibit No.             Exhibit
- -----------             -------

  99.1                  Joint Filing Agreement, dated February 14, 1999, between
                        The Goldman Sachs Group, L.P.  and  Goldman, Sachs & Co.

  99.2                  Item 7 Information



                              Page 7 of 9 pages
<PAGE>
 
                                                                  EXHIBIT (99.1)



                            JOINT FILING AGREEMENT



     In  accordance  with  Rule 13d-1(k)(1)  promulgated  under  the  Securities
Exchange Act of 1934, the  undersigned  agree to the joint filing of a Statement
on Schedule 13G (including  any and all amendments  thereto) with respect to the
Series L Stock,  no par value,  of  Consorcio G Grupo  Dina,  S.A. de C. V., and
further  agree  to the  filing  of this  agreement  as an  Exhibit  thereto.  In
addition,  each party to this Agreement expressly authorizes each other party to
this Agreement to file on its behalf any and all amendments to such Statement on
Schedule 13G.


Date:  February 14, 1999


                                  THE GOLDMAN SACHS GROUP, L.P.


                                  By: /s/ Hans L. Reich
                                     --------------------------------------
                                  Name:   Hans L. Reich
                                  Title:  Attorney-in-fact



                                  GOLDMAN, SACHS & CO.


                                  By: /s/ Hans L. Reich
                                     --------------------------------------
                                  Name:   Hans L. Reich
                                  Title:  Attorney-in-fact



                              Page 8 of 9 pages
<PAGE>
 
                                                                  EXHIBIT (99.2)



                              ITEM 7 INFORMATION



     The securities  being reported on by  the  The  Goldman  Sachs  Group, L.P.
("GS Group"), as a parent holding company,  are owned by Stone Street Fund 1993,
L.P., Bridge Street Fund 1993, L.P., Stone Street Fund 1994, L.P., Bridge Street
Fund 1994, L.P., Stone Street Fund 1995, L.P. and Bridge Street Fund 1995, L.P.,
each  a  Delaware  limited   partnership  (and   collectively,   the  "Investing
Entities"), or are owned, or may be deemed to be beneficially owned, by Goldman,
Sachs & Co. ("Goldman Sachs"), a broker or dealer registered under Section 15 of
the Act and an investment adviser registered under Section 203 of the Investment
Advisers Act of 1940. The general  partner,  managing  general  partner or other
manager of each of the Investing  Entities is an affiliate of GS Group. GS Group
is the  general  partner of and owns a 99%  interest in Goldman  Sachs.  Goldman
Sachs is the investment manager of certain of the Investing Entities.



                              Page 9 of 9 pages


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