Volkswagen is considering increasing its stake in its joint venture with Chinese manufacturer, FAW Group Corporation (FAW). “We think about it, but there is nothing concrete to disclose,” sources told the news agency on Tuesday in Beijing.
It was pointed out that other foreign car makers generally hold 50 percent stake in its joint ventures in China. The joint venture, FAW-VW in Changchun in northeast China was an “exception” because the Volkswagen Group is involved in only 40 percent. Of the 40 percent, Audi ten percent.
To a report in the Chinese newspaper “China Business News”, a VW spokesman said: “The good relations with Chinese partners and the success of the joint ventures are more important than shares.” by keeping good relations with its Chinese partners, Volkswagen possible to maintain its market leadership in China for years.