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Last Updated : Mar 14, 2019 06:29 PM IST | Source: Reuters

Audi considering China joint venture to increase stake

Audi has two joint ventures in China. One with FAW and another with SAIC Motor Co.

Volkswagen's premium brand Audi is reviewing whether to raise its stake in its Chinese joint venture partner companies, the premium brand's China chief Alexander Seitz said on March 14.

"At the end of this year or beginning next year we will know more," Seitz said about the review.

"We welcome the opening of the Chinese market. Any decision on how to proceed will not be taken only by ourselves - all our stakeholders will be included in the process."

Audi has two joint ventures in China. One with FAW and another with SAIC Motor Co.
First Published on Mar 14, 2019 06:14 pm
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