Joint Ventures

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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Ford-Getrag JV names new COO

Dec. 12, 2014 06:01 CET

Getrag Ford Transmissions, a joint venture between the U.S. automaker and the German supplier, has named Sue Slaughter as its chief operating officer. Getrag also appointed a new Asia boss....
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Visteon in talks to sell Korean joint venture

12:01 am U.S. ET | Dec. 1, 2014

Visteon Corp. confirmed that it's in discussions with a private equity firm to sell its stake in South Korean joint venture Halla Visteon Climate Control Corp....
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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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Getrag, Dongfeng form dual clutch transmissions JV in China

Oct. 20, 2014 10:54 CET

Germany's Getrag formed a joint venture with Dongfeng to develop and produce dual clutch transmissions in China. The joint venture will start manufacturing transmissions for compact cars in 2016 at a factory in Wuhan....
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ZF forms chassis JV with Beijing Auto

Oct. 14, 2014 10:16 CET

German supplier ZF Friedrichshafen established a joint venture with China's Beijing Automotive Industry Corp. to build passenger-vehicle chassis parts for BAIC and its other joint ventures with Daimler and Hyundai....
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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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Panasonic to buy 49% stake in Spanish supplier Ficosa

Sept. 30, 2014 14:48 CET

Panasonic says it has agreed to buy a 49 percent stake in Spanish supplier Ficosa to allow the companies to accelerate the launch of electronic technologically advanced automotive mirrors that support safe driving....
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GM and Isuzu to jointly develop midsize pickup for global markets

7:11 am U.S. ET | Sept. 26, 2014

GM and Isuzu Motors agreed to jointly develop a midsize pickup truck for sale in several markets around the world, but not for the United States and Canada....
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Top Chinese official accused of taking bribes from Toyota JV

11:06 am U.S. ET | Sept. 24, 2014

A senior official with China's economic planning ministry and his son took bribes from a Guangzhou carmaker, including kickbacks for helping approve the opening of a Toyota dealership, a Chinese prosecutor said today....
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Nissan and Dongfeng form JV for Infiniti in China

Sept. 22, 2014 12:27 CET

Nissan has formed a joint venture with Dongfeng Motor in China dedicated to producing premium Infiniti vehicles. Nissan and Dongfeng each will control 50 percent of the JV, which will start by making the Q50L and QX50....
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VW-SAIC joint venture names industry veteran as president

Sept. 12, 2014 16:30 CET

Shanghai Volkswagen Automotive, a joint venture between VW and SAIC Motor, hired veteran executive Chen Zhangxian as its new president. Shanghai VW operates five plants in China and sold 1.1 million VW and Skoda vehicles in the first eight months....
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Renault will build Bollore's electric Bluecars

Sept. 9, 2014 09:51 CET

Renault signed a partnership deal to build electric cars for French billionaire Vincent Bollore's car-share programs. The companies will also carry out a feasibility study for Renault to make a new three-seat EV to be sold to consumers, companies and municipalities....
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ZF restarts talks with Bosch to ease TRW purchase, sources say

Sept. 4, 2014 10:39 CET

ZF is restarting talks to exit its joint venture with Bosch, sources said, as it seeks to clear the way for its takeover of TRW Automotive. ZF is seeking to sell its half of the steering-systems venture to Bosch to avoid antitrust issues....
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Cooper Standard hikes stake, gains control of Chinese auto sealing joint venture

12:37 pm U.S. ET | Sept. 4, 2014

Cooper Standard Holdings agreed to purchase an additional stake in its Chinese automotive sealing joint venture for $60 million....
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Europe business chamber says China won't force foreign suppliers to form JVs

Sept. 2, 2014 12:19 CET

Recent media reports that China will force foreign automotive suppliers to form joint ventures with local companies are unfounded, the European Union Chamber of Commerce in China 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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