Search Results for "FAW"

Analysis: Motives behind FAW-VW's ownership reassessment

Gasgoo.com (Shanghai) - At the end of last month, approval of FAW-Volkswagen's decision to change the ratio of its stock ownership caused a media uproar. Volkswagen China has been attempting to change the value of its joint venture with FAW Group many times now, with the most recent attempt being made during the opening construction ceremony of its Foshan factory. FAW Group has agreed to yield 9 percent of its stock to VW subsidiary brand Audi. VW Board Chairman Martin Winterkorn discussed the issue with executives from the Ministry of Industry and Information Technology.

Aug. 10 , 2011