Volkswagen AG says it will invest €240 million ($278.3 million) in a new joint venture with Shanghai Automotive Industry Corp. to boost its engine production capacity in China by 50%. The venture calls for VW and SAIC to build a new facility to produce 180,000 engines once initial construction is completed in March 2005. Total output ultimately is expected to rise to 300,000 units. The engines mainly will be used in VW’s Polo model The factory will be owned jointly by the two auto ...
Premium Content (PAID Subscription Required)
"VW, SAIC in New Engine JV" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642