Company Overview of China FAW Group Corporation
China FAW Group Corporation develops and manufactures various vehicles. Its products include a range of passenger cars; light, medium, and heavy trucks; coach chassis; municipal transit and intercity buses; luxury tourist coaches; mini vehicles; engines; commercial trucks; SUVs and pickups; transmissions; axles; and components and parts. The company offers its products through a network of dealers in China and internationally. China FAW Group Corporation was formerly known as First Automotive Works. The company was founded in 1953 and is headquartered in Changchun, China. It has branches/representative offices/dealers in China, Algeria, Chile, Cameroon, D.P.R. Korea, Ethiopia, Egypt, Germany...
No.2259 Dongfeng Street
Founded in 1953
86 431 8590 0715
86 431 8573 0707
Key Executives for China FAW Group Corporation
Chief Accountant and Vice President
Compensation as of Fiscal Year 2013.
China FAW Group Corporation Key Developments
FAW Signs Deal to Build Vehicles in Algeria with Arcofina
Nov 10 13
FAW is to build an assembly plant in Algeria producing 10,000 vehicles per year under an agreement signed with Arcofina. The agreement provides for an initial investment of DZA 5 billion ($61 million, €46 million) and Arcofina said the figure will rise. To conform with Algerian law, Arcofina will own 51% of the plant and FAW 49%, with the aim of reducing the Chinese manufacturer's share to 40% after three years.
Volkswagen Eyes Stake In FAW-VW Joint Venture
Sep 26 13
Volkswagen AG (XTRA:VOW3) is planning to increase its stake in its joint venture FAW-VW Automobile Co., Ltd. with China FAW Group Corporation, reported China Daily citing Jochem Heizmann, China Head of Volkswagen. Jochem said, "We are now in very good discussions with our Chinese partner FAW on further cooperation for our joint venture, FAW Volkswagen Automotive Co. Ltd.--possibly in the equity area." Heizmann added, "Both sides expect to extend the partnership another 20 years or more. Volkswagen hopes to have more shares in this joint venture."
FAW Group Announces Sales Results for the Month and First Eight Months Ended Aug. 2013
Sep 18 13
FAW Group announced sales results for the month and first eight months ended Aug. 2013. For the month, the Volkswagen and Audi sales volume reached 137,100 units, including imported cars. The Volkswagen and the Audi sales volumes came to 94,600 units and 42,600 units.
The Volkswagen and the Audi sales volumes came to 710,900 units and 310,300 units in the first eight months. Total sales were 1.02 million units, up 30.9%.
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