BIZCHINA / Auto Industry |
China FAW Group Corporation(www.faw.com)Updated: 2006-11-27 10:14 China FAW Group Corporation, commonly referred to as FAW due to its original
name of First Automotive Works, broke ground for its first factory on July 15,
1953. Since then, FAW has been at the forefront of promoting China's automobile
industry. In 1991, working in partnership with Volkswagen AG, FAW created a new
state-of-the-art production facility with a yearly production capacity in excess
of 150,000 units. In 2002, Tianjin Automobile Industry (Group) Corporation was
merged into FAW Group Corporation, and began joint venture production with
Toyota Motor Corporation. (For more biz stories, please visit Industry Updates) |
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