Audi puts the brakes on SAIC deal

German automaker Audi AG will suspend its plans to produce and sell cars with SAIC Motor Corp Ltd until at least next year, a move intended to reassure its current partner FAW Group Corp and appease dealers concerned about their profitability.

Jochem Heizmann, president and CEO of Volkswagen Group China, said on Tuesday that nothing will happen with regard to the potential cooperation in 2017.

"No sales, no production. Nothing this year," he said.