Reports are saying that
Volkswa
gen’s new plant in southern
China, which was opened in 2009, has yet to
receive governmental approval to begin production.
Government regulations concerning the manufacture of
independently developed brands and new-energy vehicles
by joint ventures could cause delays that will have a
major negative impact on Volkswagon's strategy.
Su Weiming, executive vice president of Volkswagen
Group China, however, denied in an interview any
reported difficulties in pushing forward the South
China Strategy. The strategy is going ahead without
any interruption, and it just needs time to be
communicated and discussed, he said.
As for product planning at the Foshan plant, Su did
not disclose any details.
An executive at Volkswagen Group China told a reporter
of China Economic Times that the FAW-Volkswagen Foshan
plant that had been put on hold for a while now has
the requisite regulatory approval.
As for the independently developed brands of
Volkswagen’s two joint ventures in China, Shanghai
Volkswagen and FAW-Volkswagen, Su only said “we are
still analyzing the matter as it involves several
factors including design, production, marketing
networks, brand naming and earnings
expectation.”
