What is the Mustang car?
1 Answers
Mustang Auto was born in the late 1980s during the wave of reform and opening-up, and was one of the earliest automobile manufacturers in China. In August 2006, it was renamed Sichuan Automobile Industry Group Co., Ltd., and after a share restructuring in December 2011, it was officially renamed Sichuan Mustang Automobile Co., Ltd. Relevant information about joint-venture vehicles is as follows: 1. Introduction: A project jointly established by Chinese and foreign investors. The Chinese side contributes by providing land and factory usage rights, as well as capital, while foreign investors contribute brands, technology, capital, and talent. Joint-venture vehicles are the products of such collaborations. Foreign partners provide technology, talent, brands, etc., for domestic assembly, but the core technology remains under foreign control. 2. Joint-venture brands under the FAW Group include: FAW-Volkswagen, FAW-Audi, FAW-Mazda (all produced in Changchun, Jilin), and FAW-Toyota (produced in Changchun, Jilin; Tianjin; and Chengdu, Sichuan).