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To discuss joint venture with China FAW Volkswagen to seek global expansion of truck business

2016-01-13 10:04:52
   In February 8, 2016, according to foreign reports, Volkswagen is seeking growth options may include acquisition and IPO, including. Volkswagen's heavy duty truck department said the United States and China are key areas of expansion plans.
   Volkswagen in China to seek a dual track strategy. In addition to partners sinotruk (Hong Kong) in the mass market seeking to expand outside, will also increase its own brand mans (German Mann) and Scania (Scania) at the top end of the market sales.
   In addition, Volkswagen commercial vehicles and also including the Department of China FAW Group, a joint project with peers.
   At present, Volkswagen is working to promote the close cooperation between Scania and MAN brands, commercial vehicle business in the public car to get greater independence.