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SAIC Volkswagen
SAIC Volkswagen Automotive Co., Ltd., formerly known as Shanghai Volkswagen Automotive Co., Ltd. is an automobile manufacturing company headquartered in Anting, Shanghai, China and a joint venture between Volkswagen Group and SAIC Motor. It was founded in 1984 and produces cars under the Volkswagen, Å koda Auto, Å koda and Audi marques. It is the second automobile manufacturing joint venture in China after American Motors and the first German car manufacturer to enter China. The joint venture is made up of equity from Volkswagen AG (40%), Volkswagen (China) Invest (10%), SAIC Motor (50%), with a fixed-term venture for 45 years. It will run until 2030. SAIC Volkswagen sold a total of 1.16 million vehicles in 2011. History The joint venture was formed in October 1984, as Shanghai Volkswagen. This was a 25-year contract to make passenger cars in Shanghai with a limit of 50 percent foreign ownership. Shanghai Volkswagen began automobile production in 1985. As car imports fell to ... [...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] |
Volkswagen Lamando
The Volkswagen Lamando () is a compact sedan manufactured by Volkswagen through its joint venture SAIC Volkswagen in China. It debuted at the Chengdu Auto Show in August 2014 and was launched in China in November 2014. The Lamando is positioned as the low-slung version of the Sagitar ( Jetta outside China) in the country, as it is the case with the Volkswagen CC to the Passat. __TOC__ First generation (2014) The first-generation Lamando is powered by a 1.4-litre turbocharged petrol engine producing and of torque mated to a 7-speed DSG gearbox as the only transmission offered for the vehicle. The Lamando is capable of doing a acceleration in 8.5 seconds and has a top speed of . Only front-wheel-drive is available. The 4-wheel disk brakes and electrically assisted steering is standard. Suspension is independent MacPherson struts at the front and an independent four-link suspension at the rear. File:Volkswagen Lamando 01 China 2016-04-16.jpg, Front view of the Volkswagen La ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Å koda Karoq
The Å koda Karoq is a compact crossover SUV (C-segment) designed and built by the Czech car manufacturer Å koda Auto. Introduced in 2017, the vehicle is based on the Volkswagen Group MQB platform, and replaced the Å koda Yeti. The car slots between the smaller Å koda Kamiq and the larger Å koda Kodiaq. The name Karoq is derived from Aleutian language, spoken by the native inhabitants of Alaskan island Kodiak. It is a combination of Aleutian words "kaa'raq" and "ruq", a car and an arrow, which are the elements of the Å koda logo. It is the second Å koda model to have a name inspired by the Aleuts, after the Kodiaq. Overview The car was officially introduced at a special event on 18 May 2017 in Stockholm, Sweden. The car began to be produced at the turn of June and July 2017 in Kvasiny. The sales started in the autumn of 2017. It is a sister model to the SEAT Ateca, sharing its chassis, roof stamping and side doors, although Volkswagen Group adopted extra measures to maximally di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |