日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

US EUROPE AFRICA ASIA 中文
Business / Auto China

Volkswagen extends China joint venture by 25 years to tighten market grip

(Agencies) Updated: 2014-10-11 11:26

Volkswagen extended its joint venture with China FAW Group Corp by 25 years, as the German manufacturer steps up its bid for the global autos throne by targeting an increasing share of the world's biggest car market.

European and US carmakers are keen to raise their presence in China, but have been confined to owning 50 percent or less of joint venture companies run together with Chinese enterprises.

Volkswagen extends China joint venture by 25 years to tighten market grip

China, Germany sign $18.1 billion deals

Volkswagen extends China joint venture by 25 years to tighten market grip

FAW-VW antitrust probe sparked by customer complaint

Although Chinese demand is slowing somewhat, car sales in the world's No 2 economy have still been up over 10 percent this year, helping global players such as VW cope with a fragile recovery in its European home market after a six-year slump.

VW, one of the first global automakers to establish production facilities in China during the 1980s, has the biggest manufacturing output and has been working with FAW for over two decades.

By extending the joint venture from 2016 to 2041, VW and FAW will expand their R&D activities and step up work on fuel-saving technology, VW said.

"Enhancing ties with its Chinese partners is a must for VW, which is overly dependent on the market," Frankfurt-based Bankhaus Metzler analyst Juergen Pieper said.

Wolfsburg-based VW, which also has a joint venture with China's SAIC Motor Corp Ltd, last year sold almost 3.3 million cars in China, its biggest market, about a third of its record global deliveries of 9.73 million.

The German behemoth, whose 12 brands include ultra-luxury marque Bentley and heavy-trucks manufacturer Scania, has enjoyed a period of sustained growth, boosted by emerging market buyers. It is set to hit a 10-million sales target in 2014 - four years early - underscoring its bid to eclipse global sales champion Toyota.

Nine-month group deliveries in China, including the Audi luxury brand and sports-car maker Porsche, jumped 15 percent to 2.72 million autos, VW said on Friday in a separate statement.

Investment plans

The contract extension with FAW was signed on Friday on the occasion of talks between German Chancellor Angela Merkel and Chinese Premier Li Keqiang in Berlin.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 伊人久久国产 | 亚洲日韩中文字幕一区 | 色综合啪啪 | 精品一区视频 | 激情综合婷婷久久 | 欧美亚洲国产第一页草草 | 欧美精品1区2区 | 亚洲精品资源 | 精品欧美一区二区三区久久久 | 免费一区 | 国产一区二区三区久久 | 91精品最新国内在线播放 | 日韩字幕无线乱码 | 黄视频在线播放 | www.日日日| 91久久久久久久久久久 | 日本一级成人毛片免费观看 | 亚洲精品在线视频 | 亚洲欧洲另类 | 午夜视频色 | 亚洲国产成人久久综合碰 | av88av·com| 国产精品久久久久久久久久免费 | 久久精彩视频 | 成在线人视频免费视频 | 久久人人做 | 欧美日韩一二三区 | 色婷婷综合久久久久中文一区二区 | 久久免费国产视频 | 在线激情视频 | 欧美激情一区二区三区中文字幕 | 久久这里只有精品视频9 | 色婷婷综合久久久中文字幕 | 国产亚洲精品久久久久久老妇 | 欧美高清另类自拍视频在线看 | 五月激情久久 | 亚洲综合激情另类小说区 | 精品欧美一区手机在线观看 | 国产一级做人爱c黑人版 | 免费的色网站 | 国产成人免费高清激情视频 |