VW extends cooperation with Chinese FAW by 25 years  [ China ]

The Volkswagen Group and its Chinese joint venture partner First Automotive Works (FAW) have extended their present partnership by a further 25 years. The agreements were signed in Berlin on October 10 in the presence of Li Keqiang, Premier of the People's Republic of China during his visit to Germany.By extending the joint venture from 2016 to 2041, VW and FAW intend to expand existing researc...