New GM/FAW China joint venture | Electric Cars and Hybrid Vehicle - Green energy

New GM/FAW China joint venture

3 Апр 2014 | Author: | Комментарии к записи New GM/FAW China joint venture отключены
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Thread: New GM/FAW China venture

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New GM/FAW China venture

I hadn’t heard about this but China is reporting the creation of a joint between GM and First Automobile China to produce commercial They appear to light


GM China FAW Establish Light Vehicle Joint Venture

GM FAW Establish Light Commercial Joint Venture

Source:

Michael McWilliams

GMInsidenews.com

Correspondent

Today in Changchun, GM China and FAW Group Corp. the establishment of a joint venture will become the FAW-GM Duty Commercial Vehicle Co.

Whilst the FAW Group has a broad of products spanning 28 wholly subsidiaries and part ownership of 18 companies, today’s announcement is on the production and sale of light trucks and vans. These will remain badged as FAW locally, however, GM derivatives most certainly be appearing allowing FAW-GM Light Commercial Vehicle Co. LTD to leverage brands exposure at home and

Our new joint venture combines the of two industry leaders in a partnership benefits both, said Reilly. It will address in China and other markets for affordable products in one of the industry s robust segments, while the portfolio of products that GM and FAW offer. It sends an important of GM s ongoing commitment to China our strategy of working in China, China and for China.

Light-duty commercial vehicles play a strategic role in s urbanization and rural development, Xu Jianyi. FAW and GM have a common of the importance of the global commercial market, including the China Cooperation is not only the key for the two partners to our strategic goals. It is also a step for helping the Chinese realize its plan of restructuring and developing the automotive industry, the market share of local brands and enhancing FAW s performance.

The new joint venture will by leveraging both partners in product development, research and to help satisfy increasing and global demand for light vehicles. It will provide s consumers vehicles that are and offer good value for

It will be a 50-50 arrangement both companies providing RD, sales support and development of markets. The joint venture an important step for GM, establishing a working partnership with an Domestic brand, providing the of vehicles that will to serve as the backbone for continued in the region.

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