– Joint venture in chassis technology for development and assembly of chassis systems – New plant with 200 employees will be located south-east of Beijing ZF Friedrichshafen AG and Beijing Automotive Industry Corporation (BAIC Group) have for the first time founded a joint venture for developing and assembling passenger car chassis systems. Dr. Stefan Sommer, CEO of ZF, and[Read More…]
On August 19, 2014 (Chinese Time), JTEKT CORPORATION (“JTEKT”) has been imposed on a fine of 109.36 million Chinese Yuan (approximately 1,800 million Japanese Yen) by the National Development and Reform Commission (“NDRC”) of People’s Republic of China for violation of Chinese antitrust law in relation to some past sales of bearings in Chinese market. As JTEKT treats this matter[Read More…]
In the presence of German Chancellor Angela Merkel and Chinese Premier Li Keqiang, Jochem Heizmann, Member of the Board of Management of Volkswagen Aktiengesellschaft and President and CEO of Volkswagen Group China, on 7 July signed a joint declaration for two new vehicle plants in China together with Xu Jianyi, Chairman of FAW. “China has become our largest and[Read More…]
