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China: Volkswagen extends local joint venture for other 25 years


Volkswagen Ag and local Chinese partner FAW Group Corp have agreed to extend their cooperation deal for 25 years, with the German automaker aiming to consolidate its top position in the world’s largest auto market. The German company is the largest carmaker in Europe and the second biggest in the world, behind only Japan’s Toyota. So, naturally VW is vying for ...
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More joint venture articles

China: Nissan establishes joint venture for Infiniti production
The world’s largest auto market keeps attracting the global automakers, with companies aiming to also establish a firmer foothold into the rising luxury segment. Japan’s Nissan has revealed yesterday it decided ...
Russia: Ford JV boss warns of deepening troubles
Ford Motor's Russian venture chief has commented on the sidelines of the latest political and economical developments in the country, warning that the local auto market faces another two years ...
General Motors’ China JV recalls 38,328 Cadillacs
Shanghai General Motors Co, GM’s main Chinese joint venture is recalling 38,328 Cadillac sedans in China due to a glitch in the brake control software, according to the country’s quality ...
China will not force foreign car parts makers to form local joint ventures
The European trade body in China said the Beijing government does not plan to force foreign auto parts suppliers to form local joint ventures, discharging a report from last week ...
Another exec at FAW investigated by China’s watchdog
China’s anti corruption enforcers are probing another former senior executive of the FAW Group, the latest target in the series of probes against the company. FAW, which is state-owned, has a ...
China: executives at VW joint venture under investigation
China’s concerted antitrust fight took another turn this week: after probing the carmakers and issuing fines, the investigations are now down to the executive level. According to an announcement posted on ...
GM could be next in line in China’s antitrust probe
The US automaker announced that its passenger-vehicle joint venture in the country was contacted by China’s anti-monopoly enforcer. The communication was part of the ongoing antitrust investigation that prompted another ...
China: PSA’s local venture ups its sales goal
Thanks to strong demand registered throughout the first six months of the year, the local joint venture between PSA Peugeot Citroen and Dongfeng Motor Group has increased the full year’s ...
China: Fiat joint venture builds second factory
Fiat Chrysler Automobiles and Guangzhou Automobile’s local joint venture recently started constructing their second manufacturing facility in the south China city of Guangzhou. GAC Fiat Automobile Co., the 50/50 joint venture ...

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