Automotive

Reuters reveals Volkswagen’s China partners bristle as carmaker lavishes love on new venture

Reuters revealed that Volkswagen’s talks to tighten its grip on a majority-owned joint venture in China have sparked tensions with the German automaker’s other Chinese partners who fear they could be sidelined. Volkswagen, which took control of one of JAC’s plants in the eastern city of Hefei last year, is now in talks to buy another as part of a big expansion in electric vehicles. That has rattled Volkswagen’s other Chinese partners, SAIC Motorand FAW, which want the German group to commit more models to their own ventures. 

Article Tags
Topics of Interest: Automotive
Type: Reuters Best
Sectors: Equities
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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