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FAW-Volkswagen
FAW-Volkswagen Automobile Co., Ltd. is a joint venture between FAW Group and Volkswagen Group which manufactures Audi and Volkswagen marque passenger cars for sale in China. It was founded on 6 February 1991. FAW-VW is headquartered in the south-western fringes of Changchun, Jilin Province, where it also has two vehicle assembly plants. It has an additional assembly plant in Chengdu, Sichuan Province, and a fourth plant is under construction in Foshan, Guangdong Province. FAW-VW is capable of producing the cars based on the platforms of PQ34, PQ35 and PQ46. FAW-VW's year-on-year production volume exceeded 513,000 units as of 31 July 2009. History 1980s Audi AG began a contract on August 13, 1988 with First Automobile Works to produce the Audi 100 for the Chinese market. The 100 was assembled with imported parts from Germany. 1990s On November 20, 1990, the official contract of an annual capacity of 150,000 cars for the joint venture between FAW Group (First Automotive W ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Volkswagen Group China
Volkswagen Group China (VGC; 大众汽车(中国)) is a division of the German automotive concern Volkswagen Group in the People's Republic of China. Volkswagen Group China enjoys sales of about 3.14 million cars (2017) in the Chinese market and is the largest brand in China by sales. The Chinese market is Volkswagen's largest market, accounting for around 50% of Volkswagen's global sales in 2021. Operations of Volkswagen in China include the production, sales and services of whole cars, parts and components, engines and transmission systems, and the sales and service of imported cars. The company's locally manufactured and imported vehicles are sold under various brand names such as Volkswagen, Audi, Škoda, Bentley, and Lamborghini in China. Volkswagen Group China is the largest, earliest, and the most successful international partner in China's automotive industry. It started its connection with China as early as in 1978, and has been taking the leading position in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Volkswagen Jetta King
The Chinese version of the Volkswagen Jetta is manufactured by the joint venture FAW-Volkswagen since 1991. In 2019, the name was split out from Volkswagen to become its own marque and the model became known as the Jetta VA3. First generation (Jetta Mk2/A2/King/Pioneer; 1991) The Mark 2 Jetta went on to become the first Volkswagen model produced in China by Volkswagen Group China's second joint venture partner FAW-Volkswagen. Production began on 5 December 1991. Initially sold as complete knock down (CKD) kits, local manufacturing has gradually taken over in the form of Semi-Knocked Down kits in 1992, and full local production in 1995.: In 1996 a 5-speed manual gearbox replaced the 4-speed one. The car has had three revisions since its inception in China. Jetta King The Volkswagen Jetta King, is a Chinese Volkswagen model produced by FAW-Volkswagen at its plants in Changchun and Chengdu. It was launched in April 1997 and replaced the Volkswagen Jetta. The Jetta King ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FAW Group
China FAW Group Corp., Ltd. (First Automobile Works) is a Chinese state-owned automobile manufacturer headquartered in Changchun, Jilin.FAW Today FAW's 50th Anniversary Brochure Founded in 1953, it is currently the second largest of the " Big Four" state-owned car manufacturers of China, together with , and |
Volkswagen Jetta
The Volkswagen Jetta () is a compact car/small family car manufactured and marketed by Volkswagen since 1979. Positioned to fill a sedan niche above the firm's Golf hatchback, it has been marketed over seven generations, variously as the Atlantic, Vento, Bora, City Jetta, Jetta City, GLI, Jetta, Clasico, and Sagitar (in China). The Jetta has been offered in two- and four-door saloon / sedan, and five-door wagon / estate versions – all as four- or five-seaters. Since the original version in 1980, the car has grown in size and power with each generation. By mid-2011, almost 10 million Jettas have been produced and sold all over the world. As of April 2014, Volkswagen marketed over 14 million, becoming its top selling model. Nameplate etymology Numerous sources note that the Jetta nameplate derives from the Atlantic 'jet stream' during a period when Volkswagen named its vehicles after prominent winds and currents (e.g., the Volkswagen Passat (after the German word for trade ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Audi 100
The Audi 100 and Audi 200 (and sometimes called Audi 5000 in North America) are primarily mid-size/executive cars manufactured and marketed by the Audi division of the Volkswagen Group. The car was made from 1968 to 1997 across four generations (C1–C4), with a two-door model available in the first and second generation (C1-C2), and a five-door model available in the last three generations (C2–C4). In 1982, the third generation Audi 100 achieved a remarkably low (for its time) drag coefficient of 0.30, featuring flush greenhouse sides with unique sliding window mountings. The C2 and C3 models of the Audi 100 were marketed in North America as the Audi 5000 from 1978 to 1988, and in South Africa as the Audi 500. In 1993, the models were mildly restyled, and renamed the Audi A6 series in conjunction with a general new Audi naming scheme, until they were relieved by a new generation of A6, internally code-named C5, in 1997. __TOC__ Audi 100 (C1, 1968–1976) The first Audi 10 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jetta (marque)
Jetta is a Chinese car marque created by Volkswagen Group with its joint venture partner FAW Group in 2019. The Volkswagen Jetta is a popular car in China, and the model forms the basis of the new company, with two additional SUV models scheduled to join the range. The Jetta cars will be built in Chengdu at an FAW-Volkswagen joint venture plant. History At the time when the Jetta brand was introduced, Harald Müller was the company president. In May 2020, Harald Müller revealed in interviews that there's been interest in the marque brand from outside China. In August 2020, there are plans to potentially export Jetta-branded vehicles outside China, but the company has not disclosed which target markets they want to aim at. Models The range will consist of the VA3 saloon, the VS5 compact SUV and the VS7 SUV. The cars were designed and developed by Volkswagen in Germany. While the VA3 is a facelift of the Chinese Volkswagen Jetta (based on the same platform as the SEAT Toledo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Volkswagen Group
Volkswagen AG (), known internationally as the Volkswagen Group, is a German multinational automotive manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. The company designs, manufactures and distributes passenger and commercial vehicles, motorcycles, engines and turbomachinery, as well as offering related services, including financing, leasing and fleet management. In 2016, it was the world's largest automaker by sales, and keeping this title in 2017, 2018 and 2019, selling 10.9 million vehicles. It has maintained the largest market share in Europe for over two decades. It ranked seventh in the 2020 ''Fortune'' Global 500 list of the world's largest companies. The Volkswagen Group sells passenger cars under the Audi, Bentley, Cupra, Lamborghini, Porsche, SEAT, Škoda and Volkswagen brands; motorcycles under the Ducati name; light commercial vehicles under the Volkswagen Commercial Vehicles brand; and heavy commercial vehicles via the marques of listed subsi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automotive Industry
The automotive industry comprises a wide range of company, companies and organizations involved in the design, Business development, development, manufacturing, marketing, and selling of motor vehicles. It is one of the world's largest industry (economics), industries by revenue (from 16 % such as in France up to 40 % to countries like Slovakia). It is also the industry with the highest spending on research & development per firm. The word ''automotive'' comes from the Greek language, Greek ''autos'' (self), and Latin ''motivus'' (of motion), referring to any form of self-powered vehicle. This term, as proposed by Elmer Ambrose Sperry, Elmer Sperry (1860-1930), first came into use with reference to automobiles in 1898. History The automotive industry began in the 1860s with hundreds of manufacturers that pioneered the Brass Era car, horseless carriage. For many decades, the United States led the world in total automobile production. In 1929, before the Great Depression, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint Venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chengdu
Chengdu (, ; Simplified Chinese characters, simplified Chinese: 成都; pinyin: ''Chéngdū''; Sichuanese dialects, Sichuanese pronunciation: , Standard Chinese pronunciation: ), Chinese postal romanization, alternatively Romanization of Chinese, romanized as Chengtu, is a Sub-provincial division, sub-provincial city which serves as the Capital city, capital of the Chinese province of Sichuan. With a population of 20,937,757 inhabitants during the 2020 Chinese census, it is the fourth most populous city in China, and it is the only city apart from the four Direct-administered municipalities of China, direct-administered municipalities with a population of over 20 million (the other three are Chongqing, Shanghai and Beijing). It is traditionally the hub in Southwest China. Chengdu is located in central Sichuan. The surrounding Chengdu Plain is known as the "Country of Heaven" () and the "Land of Abundance". Its prehistoric settlers included the Sanxingdui culture. The site of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Volkswagen AG
Volkswagen AG (), known internationally as the Volkswagen Group, is a German multinational automotive manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. The company designs, manufactures and distributes passenger and commercial vehicles, motorcycles, engines and turbomachinery, as well as offering related services, including financing, leasing and fleet management. In 2016, it was the world's largest automaker by sales, and keeping this title in 2017, 2018 and 2019, selling 10.9 million vehicles. It has maintained the largest market share in Europe for over two decades. It ranked seventh in the 2020 ''Fortune'' Global 500 list of the world's largest companies. The Volkswagen Group sells passenger cars under the Audi, Bentley, Cupra, Lamborghini, Porsche, SEAT, Škoda and Volkswagen brands; motorcycles under the Ducati name; light commercial vehicles under the Volkswagen Commercial Vehicles brand; and heavy commercial vehicles via the marques of listed subsidi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint Venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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