FAW

China's FAW chairman faces gov't graft probe

March 17, 2015 13:18 CET

Xu Jianyi, the chairman of China's FAW Group, which makes cars with Volkswagen and Toyota, is being investigated by the Communist Party anti-graft watchdog....
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FAW Chairman Xu Jianyi faces government corruption probe

9:23 pm U.S. ET | March 15, 2015

Xu Jianyi, chairman of China FAW Group, is being investigated for corruption, according to a statement issued Sunday by China's corruption watchdog....
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VW makes progress on China-built budget brand

March 9, 2015 15:04 CET

VW Group is moving toward adding a no-frills brand in China after delays caused by the automaker's efforts to reduce costs on the project. VW has said the car will be priced at 6,000 to 7,000 euros....
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YANG JIAN

BLOG: FAW bribe scandal should be wake-up call for Beijing

12:01 am U.S. ET | Nov. 28, 2014

Allegations of rampant bribery at FAW-VW should provide an urgent wake-up call to Beijing to abandon the country's JV rule for foreign automakers....
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Audi's China PR director faces corruption probe, report says

Nov. 19, 2014 10:39 CET

Audi's public relations chief in China, Lu Minjie, is under investigation by the central Chinese government's anti-corruption task force, according to Chinese media....
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VW's talks to raise stake in its Chinese joint venture stall

Nov. 11, 2014 16:16 CET

Volkswagen's bid to increase its stake in a lucrative joint venture with Chinese partner FAW has stalled just as the German automaker is stepping up expansion in its biggest market, company sources said....
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VW recalls Audi A4s in China over airbag issue

Oct. 29, 2014 10:33 CET

VW Group's joint venture with FAW Group will recall 270,635 Audi A4s in China due to an airbag software issue, the country's quality watchdog said on Wednesday. The recall involves 4,692 imported A4 allroad variants and 265,943 China-made A4Ls....
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VW deepens research cooperation with China's FAW

Oct. 10, 2014 11:23 CET

Volkswagen has extended a joint venture with China's FAW Group by 25 years to enhance research and development activities as it targets an increasing share of the world's biggest car market....
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VW to seek higher margins with China-only luxury sedan

Sept. 22, 2014 09:03 CET

VW Group will launch a VW-badged luxury sedan designed solely for China next year to help boost its margins, sources said. The move, however, could put VW brand in direct competition with its premium sibling, Audi....
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China launches criminal case against former exec at FAW, VW's China partner

Sept. 3, 2014 11:37 CET

Chinese prosecutors have launched a criminal bribery investigation into a former senior executive at FAW Group Corp., one of Volkswagen's joint-venture partners in China. An Dewu is suspected of accepting bribes, China's procurator said....
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China watchdog probes another exec at FAW Group, VW's China partner

Aug. 30, 2014 09:58 CET

China's anti-graft watchdog says it is investigating a former senior executive at FAW Group Corp. for corruption. State-owned FAW has a joint venture with Volkswagen....
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China's corruption watchdog investigates execs at Volkswagen JV

Aug. 26, 2014 12:51 CET

China's corruption watchdog says it is investigating one former and one current executive at VW Group's Chinese venture, FAW-Volkswagen Automotive, for "seriously violating the law."...
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China to fine Audi 30 million euros for breaking monopoly law, paper says

Aug. 14, 2014 11:03 CET

China will fine Audi about 250 million yuan (30.4 million euros) for violating anti-monopoly laws, the 21st Century Business Herald, an influential business daily, reported on Thursday....
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Audi will 'accept penalty' in China anti-monopoly probe

Aug. 12, 2014 10:57 CET

Audi will accept punishment from Chinese authorities for breaching anti-monopoly laws in the world's largest car market, according to a statement from the automaker....
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VW may raise stake in FAW Chinese joint venture

Aug. 1, 2014 12:15 CET

VW's CFO Hans Dieter Poetsch said the automaker's only likely acquisition is a possible increase of its stake in its FAW Chinese joint venture and not a takeover of Fiat or truckmaker Paccar....
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VW to invest 2 billion euros to build new China plants

July 7, 2014 10:50 CET

VW says it will invest 2 billion euros ($2.7 billion) to construct two new vehicle plants in China. The move is part of a wider plan by the carmaker to invest 18.2 billion euros in its No. 1 market through 2018....
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VW to build plug-in hybrids with partner FAW in China, sources say

April 4, 2014 09:33 CET

VW Group plans to make plug-in hybrids with local partner FAW in China, company sources say. VW sees a big potential market as the country's leaders race to reduce hazardous levels of air pollution....
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Beijing Auto looking to acquire a brand in Europe or U.S

April 3, 2014 08:21 CET

Beijing Automotive said it wants to buy a "mid- to high-end brand" in Europe or the United States to boost its global presence and it already has candidates in mind....
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