FAW

FAW Group, Brilliance Auto in merger talks

FAW Group and Brilliance Auto are in talks for merger and restructuring, and FAW is expected to buy controlling stake in Brilliance, the 21st Century Business Herald reported today, citing sources familiar with the matter. "This matter has not taken shape yet," a planning executive of FAW Group said to reporters, not denying the merger talks news. Actually, Brilliance Auto, BMW's partner in China, was approached in August 2008 about a possible takeover by larger rival FAW Group, though they later denied having any discussions about a merger.

FAW shows 22 own-brand models in Shanghai

Chinese auto giant FAW Group has brought 22 vehicle models of its four own brands Jiefang, Hongqi, Xiali and Besturn, 11 engines and three transmission products to the 2009 Shanghai auto show, xinhuanet.com reported today. FAW said it would increase research and development (R&D) spending by 61% to 4.23 billion yuan ($619 million) this year.

Tianjin FAW to build own-brand car on 9G Corolla platform

Tianjin FAW said it will produce the company’s first A-level car based on Toyota’s ninth-generation Corolla platform, according to China Business Journal. It will be the second time for Tianjin FAW to build its own-brand cars by technical transfer from Toyota following the Chinese auto maker introduced Xiali in its early years and built its V-series car -- Vizi, Vela and Vizhi (Weizhi) -- based on the Toyota NBC platform.

Tianjin FAW launches '09 Weizhi car in Beijing

Tianjin FAW launched three models of its 2009 Weizhi car in Beijing on October 11. The three models include the Weizhi hatchback elite, sedan elite and sedan flagship editions, which are priced between 56,800 yuan ($8,320) and 68,800 yuan to meet the different demands of customers, said xinhuanet.com today.

FAW Orders More Enova Hybrid Drive Systems for Buses

China FAW Group Corporation has ordered additional Enova pre-transmission hybrid-electric drives from Enova Systems as a result of the successful field trial of 20 Hybrid City buses equipped with 90 kW Enova drives during the recent Beijing Olympics.

J.D. Power – Audi as the most appreciated brand in China

Audi has won in customers sale’s quality satisfaction survey in China. In top ten, the local producer – First Automotive Works (FAW) has appeared as well. It has the same score as Mercedes-Benz and placed itself on the second position. Customer Satisfaction Index (CSI) was calculated on the base of 8,954 new purchasers’ opinions about 45 the most popular brands.

FAW B131 hybrid, means 5.8L/100 km

FAW is going to present the newest sedan signed as B131 at Pekin motor show, exactly on 12th of April. The vehicle will be available with hybrid drive, with 1,5L (100hp) engine, as well as electric engine with 40hp of power. According to unofficial information, the basic version of the car will cost 129,800 yuan (18,500 USD).

China's FAW bids for Italian coachbuilder Bertone

Chinese auto maker FAW Group is now bidding to buy struggling Italian contract manufacturer Carrozzeria Bertone just a few weeks after India Mahindra & Mahindra expressed their interest in the coachbuilder. FAW apparently wishes to use this acquisition as an entry strategy to the European market. FAW also expressed interest in the privatization of Serbia's car manufacturer Zastava.

FAW interested in Serbia as strategic point in Europe

Serbian Minister of Economy and Regional Development Mladjan Dinkic met today with a delegation of the Chinese company First Automotive Works (FAW), which has shown interest in participating in the privatisation of Kragujevac-based Zastava factory. FAW representatives informed Minister Dinkic that they are highly satisfied with visit to Kragujevac, and with the tour of the Zastava factory, particularly with the Zastava line, and the highly experienced workforce.

FAW kolejnym chiƄskim producentem w Meksyku

FAW Group, drugi co do wielkoƛci koncern motoryzacyjny w Chinach, zamierza rozpocząć produkcję w Meksyku (Michoacan). Jego partnerem będzie lokalna spóƂka Grupo Elektra, naleĆŒÄ…cą do Grupo Salinas. Choć FAW wspóƂpracuje w Chinach z VW, Toyotą i Mazdą, to samochody oferowane w krajach Ameryki ƁaciƄskiej będą posiadaƂy chiƄskie logo. Parterzy zainwestują w nową fabrykę ponad 150 mln USD, a roczna produkcja wyniesie 100 000 aut. Pierwsze egzemplarze zjadą z linii produkcyjnej w 2010 roku.

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