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| VW is in China on Cooperation: In addition to SAIC FAW is also a partner. As a successful model of cooperation is the Lavida. (Photo: VW) |
The Volkswagen Group will extend its cooperation with the Chinese automaker First Automotive Works (FAW), much earlier than previously expected. Both sought to "prematurely" to agree on a continuation of the 2016 expiring contract for the joint venture in Changchun, northeast China, Volkswagen said Thursday in Beijing.
According to the news agency dpa is assumed that the new treaty to be signed in the coming year. In the joint venture since 1991, more than six million cars were built.
China's largest single market of VW
Planned for the future is, according to Volkswagen, "the product portfolio to expand and develop common new activities." This is what would VW CEO Martin Winterkorn and the President of the FAW Group, Xu Jianyi, at a board meeting of FAW-Volkswagen in China's Foshan agreed.
China is the world of the Volkswagen Group's largest market. Except with FAW in Northeast China, where in addition to VW and Audi models to be built in China, the Group cooperates with Shanghai Automotive Industry (SAIC).
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