Joint Investment For Sichuan Car Plant

Source: Xinhua | May 9, 2009, Saturday |

Print Edition

CHINA First Automobile Works and Europe's auto giant Volkswagen AG said yesterday that they would jointly invest 5 billion yuan (US$733 million) to build an auto plant in Chengdu, capital of southwest China's Sichuan Province.

The plant is expected to create 4,500 jobs. It will have a planned annual output of 150,000 and will make the Volkswagen Jetta.

The firms didn't disclose how the investment would be divided.

Xu Jianyi, CFAW's general manager, said the new investment was made in an effort to support the reconstruction of earthquake-hit Sichuan.

Volkswagen China CEO Winfried Vahland said the Chengdu plant would serve as an important production base to achieve its target of 2 million sales in China by 2018.

Auto

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

Joint Investment For Sichuan Car Plant

Email this to your friend