Audi Moves Up a Gear With FAW Venture
The venture is expected to begin operations by the end of 2018, an Audi statement said on Wednesday. The venture is an expansion of an existing Audi-FAW joint venture’s sale division.
The stake-holding structure of the new venture will follow the current model of FAW-Volkswagen Automobile Co. Ltd, (FAW-VW), in which FAW accounts for 60%, Audi takes up 10% and Volkswagen Group 30%, an inside source told Caixin.
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas