|
On July 14, 2004, Volkswagen automobile group implement
a series of great decision to expand the cooperation with China
First Automobile Group.
Volkswagen and the First Automobile Factory spare part Co., Ltd.
Invested by Volkswagen automobile group and China first automobile
group together, which is the sub project of the plan that Volkswagen
already announced the total investment reached 5.3 billion euro
to 2008.
On the same day, Volkswagen and the First Automobile Group also
announced both sides have already decided to make a investment to
build the new engine factory in Dalian. The engine has advanced
level and will make the example in environment protection and energy-conserving
with the advantage of low exhaustion and oil consumption, this is
a direction of development that the automobile industrial policy
encourages too.
|