https://www.reuters.com/article/us-volkswagen-jac-m-a-ceo-idUSKBN2350TQ

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FILE PHOTO: The logo of German car maker Volkswagen is seen on a car outside a garage in Vienna, Austria, Sept. 29, 2016. REUTERS/Leonhard Foeger. BEIJING/SHANGHAI (Reuters) - German automaker Volkswagen ( VOWG_p.DE ) will have full management control of its JAC-VW joint venture, the company’s China CEO said on Friday. Stephan Wollenstein told a media briefing that production of electric vehicles based on the MEB platform will start at the JAC-VW venture in 2023. Volkswagen on Friday said it had agreed to invest 2.1 billion euros ($2.3 billion) in two separate Chinese electric vehicle businesses, strengthyening its position in the world’s biggest auto market as international rivals seek to muscle in. Full story

29 May

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