Volkswagen shares 16.6% stake in the United States commercial vehicles and JAC indirect cooperation shishangqiyi

Volkswagen shares 16.6% shares of American commercial vehicle and Jianghuai Volkswagen indirect cooperation reached a settlement agreement with the United States Tencent financial news (Li Siyi) local time on September 6th, announced that the bus limited liability company card of Volkswagen Group, the company shares the manufacturer Navistar commercial vehicle in the United States (Navistar), the two sides will sign a strategic technology the cooperation agreement, and the establishment of the joint venture. Volkswagen said it would pay $15.76 a share for $2. 5 billion 600 million dollars, bought 16.6 of the shares of navistar. At the same time, the public bus card into the Navistar board, the two sides will further expand cooperation. Navistar president and CEOTroy Clarke said the public card customer shares can enhance our liquidity, expand our financial flexibility. Bilateral strategic cooperation in the field of technology, mainly reflected in the public card customers will become one of the important Navistar technology partners, both sides are mainly ordinary power transmission system of cooperation, in addition, other areas will be commercial vehicles. "Cooperation between the two sides in the power transmission system, will increase the potential of our mutual cooperation." Public card off Matthias Grü ndler, Navistar will benefit from their high quality transmission system; and a public card customers will get a significant sales growth. Navistar company is North America’s largest heavy truck and bus manufacturer, whose brands include International military trucks, commercial vehicles and buses, commercial buses and IC diesel engine etc.. Navistar and Chinese JAC car companies to establish a joint venture company in 2012. According to reports, the two sides each accounted for 50% of the shares in the form of joint venture, the establishment of Jianghuai Navistar Diesel Engine Co. ltd.. Joint venture with a total investment of 1 billion 800 million yuan, an investment of up to $1 billion, the annual production capacity of 200 thousand units, of which 1/3 of the products will be exported to overseas markets. September 6th evening, JAC (600418.SH) issued a notice on the temporary suspension of the day in September 7th, the company will sign a memorandum of cooperation on the company’s important impact. According to sales data released by JAC, JAC 1-8 sales in the month of this year was 415 thousand and 400, compared to the same period last year, 375 thousand and 100, an increase of 10.76%. Has long been rumors of cooperation of Volkswagen and Jianghuai Automobile, but because Volkswagen in China has FAW – Volkswagen and Volkswagen two passenger car joint venture company, the joint venture according to the auto industry policy of foreign car company with only two domestic car companies, the Volkswagen by Jonas and Vectra cooperation will achieve indirect cooperation and JAC the. According to reports, Volkswagen passenger card currently has Scania, Mann and Volkswagen commercial vehicles three brands, in 2015 the total sales of 179 thousand vehicles. More exciting content to pay attention to WeChat search public number: Tencent Finance (financeapp).相关的主题文章: