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          BIZCHINA> Reports

          


          

          
          		

          

          


          

          


          

          



          

          


 

          


          


 

          


          

          


 

          



          VW engine plant starts production
          


          By Shangguan Zhoudong (chinadaily.com.cn)
          
 Updated: 2007-04-16 13:54
          



 

          

          


          
Related publication:
          


          


          


           
          
          		
    
          
             		

          
          

          

          		



          


          


          Related readings:
          
          China becomes Volkswagen's fastest growing market
          


          Yuchai dreams big in 2007
          
          		

          
          

          

Volkswagen FAW Engine (Dalian) Co Ltd, co-invested by Germany's Volkswagen Group and China's First Automotive Works Corp (FAW), recently started production.


          Volkswagen said in a statement that the automaker and its partner FAW had invested 840 million yuan (US$108.77 million) in the plant as of the end of 2006. Planned investment until 2011 will top 1.5 billion yuan.
          


          The engine venture is 60 percent owned by Volkswagen (China) Investment Co Ltd, with FAW holding the remaining stake. The joint venture is designed to produce 300,000 sets of engines every year.
          


          ...
          


          The full text is available in the April Issue ofAutoChina.
          

          


           
          


          

          (For more biz stories, please visit Industries)
          

          

          

 



 



          


          


 

          

          

          


          

          


 

          


          


 

          


          


 

          


          


          


 

          

          

          
          		

          

          








           
          


           
          



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