VW delays bid to boost Audi's China sales with SAIC dealJan. 18
VW Group says it will not produce or sell any Audi cars with SAIC in China until at least 2018, seeking first to strengthen ties with existing Audi partner FAW. A partnership with SAIC, China's largest automaker, could boost Audi's slowing sales as rival Mercedes makes ground in the market.
First Shift: Samsung buying HarmanNov. 14, 2016
Audi steps up collaboration with Chinese tech groupsSept. 12, 2016
Audi has agreed to deepen collaboration with Chinese internet-technology companies to offer more digital services in the market. The automaker and FAW-Volkswagen, Volkswagen Group's joint venture with FAW, have signed letters of intent with Alibaba, Baidu and Tencent.
China's BAIC launches exports to MexicoJuly 10, 2016
China's BAIC Motor started selling cars imported from China in Mexico and aims to reach 5,000 sales a year by 2018. BAIC, a unit of Beijing Automotive Group, joins a host of global automakers who have set up operations in Mexico to access markets in the U.S. and Latin America. It sold its first car in Mexico last month.
China may lift cap on foreign carmaker stakes in JVsJune 27, 2016
China's government is considering the removal of caps on stakes foreign carmakers can own in joint ventures with local partners, potentially loosening a policy criticized for shielding state-owned companies from competition and building their own brands.
Former FAW-VW exec sentenced to life for accepting $5.3 million in bribesApril 9, 2015
A former top executive at Volkswagen's China joint venture with FAW Group, Shi Tao, was sentenced to life in prison for accepting $5.3 million in bribes. The sentence is the latest development in corruption investigations involving FAW.