Cars
Chinese carmakers and parts manufacturers stealing designs of components or even entire vehicles from Western automakers is nothing new, but we rarely see these issues coming out in the open when they happen. And if you are wondering why, it is because foreign companies don't want to disrupt their business in the country.
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Cars
VW Investigating its Chinese Partner FAW for Stealing Designs and Illegally Producing Parts!
Chinese carmakers and parts manufacturers stealing designs of components or even entire vehicles from Western automakers is nothing new, but we rarely see these issues coming out in the open when they happen. And if you are wondering why, it is because foreign companies don't want to disrupt their business in the country.
However, on Friday, German business daily Handelsblatt reported that the Volkswagen Group is investigating allegations that its Chinese manufacturing partner FAW Group Corp. illegally copied and manufactured transmissions, engines and other components owned by VW.
A Volkswagen spokesman in Germany was quoted by the Wall Street Journal saying that the company "was examining the situation carefully before coming to any conclusions".
It was reported that VW managers recently uncovered FAW's plans to copy the German automaker's MQ200 transmission found in several Audi, Skoda and VW models and use it on the Besturn B50 small sedan, to be sold in Russia where it will compete against similar models from VW and Skoda.
Read more »- Euro Debt Crisis Reaches Vw's Front Door, Cuts 2012 W. European Sales Target By 140,000 Vehicles
It was bound to happen sooner rather than later. The European sovereign debt crisis that started in Greece and spread to other countries including Cyprus, Portugal, Ireland and Spain, is beginning to have a deeper effect on companies like Volkswagen....
- Gm Is World's Largest Automaker In 2011 But Vw Group Says Not So Fast
On Thursday, General Motors reported global sales of 9,025,942 units in 2011, up 7.6% over 2010, which makes it the world's largest automaker in terms of volume. Earlier this month, the Volkswagen Group announced that it sold a total of 8.16 million...
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The chips are finally hitting the fan. China has put the word out there that it may play a big power card in the near future: give us all the secrets to your tech, or we won't let you build and sell in our ever-growing Chinese market. According to...
- China’s Great Wall Motors To Build Cars In Bulgaria
Chinese automaker Great Wall Motors is planning to start building cars in Europe in a new joint venture with a Bulgarian partner near the city of Lovech. The project was announced during a meeting on Tuesday between the Bulgarian Prime Minister Sergey...
- Chrysler Signs Mou With China’s Great Wall (clone) Motors
Chrysler LLC said that it has signed a memorandum of understanding (MoU) with China's Great Wall Motor to explore the viability of a long-term strategic relationship in various areas including distribution networks, components and technology. Neither...