VW in talks for a new joint venture in China
Confirmed the rumors of the past weeks. The Volkswagen Group is in advanced talks with China's Anhui Jianghuai Automobile to sign what would be its third joint venture in the country of the Great Wall after the partnership with SAIC and First Auto Works.
Moreover, the Chinese carmaker (within shareholders there are the authorities of Anhui Province) is one of the few local brand that has not yet a foreign ally. Recently, the Volkswagen Group anticipated investment by about 4 billion euros to strengthen its position in China.