Is FAW-Volkswagen a joint venture car?
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FAW-Volkswagen is a joint venture car. FAW-Volkswagen is a large passenger vehicle production enterprise jointly operated by China FAW Group Corporation, Volkswagen AG, Audi AG, and Volkswagen (China) Investment Co., Ltd. Volkswagen: Volkswagen is an automobile manufacturing company and the core enterprise of the Volkswagen Group, one of the world's four major automobile manufacturers. 'Volks' in German means 'people', and 'Wagen' in German means 'car', so the full name means 'people's car', and it is often abbreviated as 'VW'. FAW Group: China FAW Group Corporation (abbreviated as FAW Group, China FAW or FAW, with the English name FAW), formerly known as the First Automobile Works, had its factory name inscribed by Chairman Mao Zedong.