Chinese JVs unaffected

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September 26, 2015

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Chinese JVs unaffected

Source: AFP | September 26, 2015, Saturday |

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VOLKSWAGEN’S two main joint ventures in China — where it was the leading foreign car brand last year — said their products were not involved in a rising global scandal over rigged emissions results.

The scandal, which emerged last week when US officials publicly accused VW of cheating over emissions from diesel vehicles, has reverberated around the world and sent the company’s share price plummeting.

China is crucial for VW, which delivered 3.67 million cars in the country last year, exceeding US rival General Motors which sold 3.54 million.

VW was one of the earliest foreign entrants to the China market and produces domestically through joint ventures with China’s largest automaker SAIC, based in Shanghai, and No. 3 China FAW Group in Jilin Province.

In separate statements, both ventures said the vehicles they produce and sell were not affected.

“Shanghai VW solemnly states that based on Shanghai VW’s production and sales record, this matter does not involve any of the products manufactured and sold by Shanghai VW,” according to a statement posted on its verified microblog.

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Chinese JVs unaffected

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