Volkswagen’s bid to increase its stake in a lucrative joint venture with Chinese partner FAW has stalled just as the German automaker is stepping up expansion in its biggest market, company sources said.
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Jaguar Land Rover seals Chinese joint venture
Britain’s luxury car maker Jaguar Land Rover has sealed a joint venture with Chinese company Chery Automobile, marking £1.1bn of investment in the world’s second largest economy. JLR, owned by India’s Tata, exports more than 80 percent of all the vehicles it makes and has been held up as a poster child of British automotive success by ministers
