Joint Ventures

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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Shanghai GM contacted by regulators as rivals pressured to cut prices

7:08 am U.S. ET | Aug. 12, 2014
General Motors said its joint venture in China was contacted by the nation’s antitrust regulator amid an industry investigation that has seen at least seven foreign carmakers cut prices....
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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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Germany's Rheinmetall forms new JV with China's Hasco

July 22, 2014 13:16 CET
Rheinmetall will shift a unit making aluminum engine blocks to a joint venture with China's Hasco to help finance growth at its automotive business, the German company said....
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Beijing Hyundai, Dongfeng Citroen tie for top score in China satisfaction survey

July 18, 2014 06:01 CET
Beijing Hyundai and Dongfeng Citroen topped mass-market brands in a J.D. Power survey of Chinese consumers' satisfaction with the car-buying experience. The joint ventures scored significantly higher than other mass-market brands....
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YANG JIAN

Will global automakers drop Chinese partners?

7:32 am U.S. ET | June 30, 2014
China may relax its 50 percent ceiling on foreign automakers' ownership of joint ventures, but this may not lead to Western companies ditching their local partners if recent moves by BMW and VW are anything to go by....
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JANG JIAN

Will global automakers drop Chinese partners?

12:01 am U.S. ET | June 30, 2014
Will global automakers ditch their Chinese partners if government regulations are relaxed and they are allowed to? If BMW accurately reflects the sentiments of global automakers, the answer is no....
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SAIC chairman pledges to boost brand in China, invest in Silicon Valley

11:30 am U.S. ET | June 19, 2014
SAIC, the Chinese manufacturing partner of GM and VW, plans to to increase spending to build up its own car brands while it contemplates investing in a venture capital unit in Silicon Valley....
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Hella forms lighting JV in China with BAIC

May 19, 2014 11:16 CET
German supplier Hella and state-owned Chinese automaker Beijing Auto have agreed to establish a 50-50 joint venture to produce lighting in Beijing....
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Magna denies being asked by Canada to end Russia JV

May 14, 2014 10:54 CET
Magna International CEO Donald Walker says he hasn't been asked to end a Russian joint venture amid mounting tension over Ukraine even as an executive from partner Avtotor cited pressure from Canada to do so....
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BMW says legal hurdles prevent bigger Brilliance JV stake in China

May 9, 2014 10:44 CET
BMW says legal barriers prevent it from increasing its stake in a Chinese joint venture with Brilliance, even as rival Daimler appears to have found a loophole in the market's strict ownership rules....
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Siemens, BAIC to jointly build parts for green vehicles in China

April 23, 2014 06:01 CET
Germany's Siemens and state-owned Chinese automaker Beijing Automotive will form a joint venture to produce motors and inverters for hybrid and full-electric vehicles....
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Daimler will receive 2.43 billion euros for stake in engine JV from Rolls-Royce

April 16, 2014 12:40 CET
Daimler will receive 2.43 billion euros ($3.36 billion) for its 50 percent stake in an engine joint venture from partner Rolls-Royce Holdings Plc....
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Daimler to sell 50% stake in engines JV to partner Rolls-Royce holdings

March 10, 2014 13:07 CET
Daimler will sell its 50 percent stake in an engines joint venture to partner Rolls-Royce Holdings to invest in its automotive and truck businesses....
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EcoMotors forms second China joint venture

8:54 pm U.S. ET | March 4, 2014
EcoMotors, a Michigan-based engine maker backed by Microsoft Corp. founder Bill Gates and venture capitalist Vinod Khosla, has formed a joint venture in China with a subsidiary of First Auto Works....
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Daimler battery-unit savings push threatens Evonik JV

Feb. 25, 2014 10:23 CET
Daimler is seeking savings at its Li-Tec battery joint venture with Evonik, which the chemical maker says is leading to uncertainty about the future of the cooperation....
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China will ease limits on foreign stake in JVs

1:48 pm U.S. ET | Feb. 20, 2014
China's Ministry of Industry and Information Technology wants to loosen ownership restrictions on foreign automakers' joint ventures despite strong opposition from state-owned auto companies....
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PSA recalls 9,285 cars in China on brake issue

Feb. 14, 2014 10:48 CET
PSA's China joint venture with Dongfeng Motor will recall 9,285 cars due to contaminated brake fluid, China's quality watchdog said....
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