日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

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: 99久久伊人| 国产精品一二三 | 免费看黄色三级三级 | 黄色免费毛片 | yw在线观看| 欧美一级特黄aaaaaa在线看片 | 永久精品 | 亚洲 欧美 日韩 在线 | 亚洲自拍小视频 | 国产一区精品在线 | 亚洲激情在线 | 国产成人精品视频 | 亚洲色图都市激情 | 国产在线一级片 | 国产成人精品久久二区二区91 | 亚洲免费观看av | 午夜国产在线观看 | 日本h在线 | 国产综合在线视频 | 欧美多人猛交狂配 | 欧美 中文字幕 | 日日舔| 国产精品视频一区在线观看 | 日韩一区二区三区视频在线观看 | 欧美一区二区三区婷婷 | 欧美三级久久 | 国产成人片 | 91看片淫黄大片91 | 婷婷六月综合 | 欧美一级淫片免费视频黄 | 欧美三级美国一级 | 欧美激情一区二区三级高清视频 | 国产区视频 | 国产黄色成人 | 久久精品在线播放 | 91国内在线| 曰韩在线 | 欧美综合第一页 | 国产在线视频第一页 | 国产粉嫩| 黄色二级视频 |