automobile

VW JV keeps Anhui Jianghuai Automobile going – the week | Automotive Industry Comment

VW spent the equivalent of a EUR1bn to buy 50% of Anhui Jianghuai Automobile Group Holdings which experienced controlled Anhui Jianghuai Automobile Group (JAC Motors)

VW used the equal of a EUR1bn to buy 50% of Anhui Jianghuai Automobile Group Holdings which experienced controlled Anhui Jianghuai Automobile Group (JAC Motors)

A shake-out which started a calendar year back is looking at quite a few brands vanish from China’s regular monthly product sales charts. For a though, Anhui Jianghuai Automobile also looked vulnerable. Instead, this medium-sized car maker has located a niche by contract production EVs and continuing a regular roll-out of of its personal JAC-model styles. Therefore continued our assessment of automakers and upcoming styles. A JV with VW is the crucial – the team used the equal of a EUR1bn to buy 50% of Anhui Jianghuai Automobile Group Holdings which experienced controlled Anhui Jianghuai Automobile Group (JAC Motors). This gave the German enterprise total manage and, at the similar time, VW lifted its stake in JAC-Volkswagen, the electric vehicles JV, to seventy five% (from

Read More