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Volkswagen China JV aims to double sales
By Gong Zhengzheng (China Daily)
Updated: 2006-09-21 09:04
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FAW VW is also overhauling its sales networks to boost sales.
It has reshuffled its nine regional markets into five "strategic business units." These business units are responsible for sales management, market promotion, after-sales services, financial control and training support for the venture's dealerships.
The venture now has an annual production capacity of 600,000 vehicles. FAW, Volkswagen and Audi control 60, 30 and 10 per cent stakes in the venture.
These parent firms have invested a total of 23.4 billion yuan (US$2.95 billion) in the venture, which was set up in 1991.