by Sui-Lee Wee
State-owned FAW has a joint venture with Volkswagen AG. The joint venture is one of the two car-making ventures the German automaker has in China.
Monthly Archives: August 2014
Great Wall breaks ground for Russian plant
Great Wall Motor Co., China’s largest SUV maker, started construction of its 3.2 billion yuan ($520.7 million) assembly plant this week in the Tula Oblast region of central Russia.
Tesla shares hit record $270 high after China Unicom deal
By Tomi Kilgore
Shares of Tesla Motors shot up to an all-time high early Friday, as investors cheered news that the electric car maker reached an agreement with China Unicom CHU, to have charging stations at the carrier’s stores in more than 100 cities in China.
Audi recalling 70,000 cars for potential brake problem
Audi will recall 70,000 cars worldwide because of a potential fault with the brake booster.
court reverses Saab carmaker,NEVS, granted creditor protection
China’s National Electric Vehicle Sweden (NEVS), which bought bankrupt carmaker Saab in 2012, won protection from creditors from a Swedish court on Friday while it concludes funding talks.
