Joint Ventures

Dongfeng names new chairman amid merger reports

May 6, 2015 11:03 CET

Chinese automaker Dongfeng, which has a 14 percent stake in PSA, has appointed a former president of FAW Group as its new chairman amid reports the government is preparing to merge it with FAW, a joint venture partner of VW....
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Chinese automakers Dongfeng, FAW halt trading on merger reports

May 5, 2015 08:09 CET

Chinese automakers Dongfeng Motor, which has a 14 percent stake in PSA, and FAW Group, a joint venture partner of VW, today halted trading in shares of their listed subsidiaries, with Dongfeng saying it checked into reports that the two companies would merge....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

How European automakers aim to keep winning in China despite market's slowdown

May 4, 2015 06:01 CET

Foreign carmakers face a tough battle in China as double-digit volume gains and fat profit margins recede and Chinese automakers make inroads into profitable segments. To combat the challenges, Volkswagen and others are focusing on low-emission models, budget vehicles and local production....
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Lotus forms joint venture to build cars, engines in China

9:34 am U.S. ET | April 17, 2015

Lotus plans to build cars and engines in China in a joint venture, DRB-Hicom, the U.K. sports car maker's Malaysian parent company, said....
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Former FAW-VW exec sentenced to life for accepting $5.3 million in bribes

5:32 am U.S. ET | April 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....
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Former FAW-VW exec sentenced to life for accepting $5.3 million in bribes

April 9, 2015 11:32 CET

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....
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Faurecia forms joint venture with China's Dongfeng

March 31, 2015 11:26 CET

Faurecia has agreed to form a joint venture with Dongfeng Motor to help increase its presence in the world's biggest car market. Faurecia is majority-owned by PSA/Peugeot-Citroen. Dongfeng has a 14 percent stake in PSA....
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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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Valeo, Mobileye to work on collision avoidance, automated driving

1:09 pm U.S. ET | March 11, 2015

French supplier Valeo SA has signed an agreement to work with Mobileye, an Israeli company specializing in front-facing camera- and driver-assist systems, to produce sensor systems for collision avoidance and automated driving....
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PSA starts output in China for Dongfeng's domestic brand

March 11, 2015 06:01 CET

Dongfeng Peugeot Citroen Automobile, a joint venture between PSA and China's Dongfeng, has started building a midsize sedan for Dongfeng, marking the first time a global automaker has produced vehicles sold under the brand of its Chinese partner....
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