FAW-VW Automobile
Coordinates: 43°50′34″N 125°11′48″E / 43.84278°N 125.19667°E / 43.84278; 125.19667 (FAW-Volkswagen Changchun)
| Type | Joint venture |
|---|---|
| Industry | Automotive |
| Founded | 6 February 1991 |
| Headquarters | Changchun, Jilin, China |
| Area served | China |
| Products | Cars/Automobiles, engines, transmissions |
| Parent | 60%: First Automobile Works 20%: Volkswagen AG 10%: Audi AG 10%: Volkswagen (China) Invest |
| Website | FAW-Volkswagen |
FAW-Volkswagen Automotive Company (一汽-大众) was founded on 6 February 1991, is a Chinese joint venture between the First Automobile Works (FAW) and Volkswagen Group, creating FAW-Volkswagen Automotive Company, informally abbreviated to FAW-VW. Equity holdings are split as follows: Volkswagen AG with 20%, Audi AG has 10%, Volkswagen (China) Invest 10%, and FAW has the remaining 60%.
The headquarter of FAW-VW, which consists of two car plants is located in the south-western fringes of Changchun, Jilin Province, the third car plant has been built in Chengdu, Sichuan Province, the forth car plant will be built in Foshan, Guangdong Province. FAW-VW is capable of producing the cars based on the platforms of PQ34, PQ35, PQ46 and Audis.
Regarding to the annual production level, FAW-VW announced that the year-on-year production volume exceeded 513,000 units as of 31.07.2009. In 2011, FAW-VW sold just over 1,000,000 automobiles.
Read more about FAW-VW Automobile: History, Leadership, Sales
Famous quotes containing the word automobile:
“Let a man find himself, in distinction from others, on top of two wheels with a chain—at least in a poor country like Russia—and his vanity begins to swell out like his tyres. In America it takes an automobile to produce this effect.”
—Leon Trotsky (1879–1940)