The agreement with a term of one year and an option to renew for a further two years, will start without delay. The servo systems to be installed in the VW Jetta and Audi vehicles in China. The first commercial will be broadcast by China Automotive Systems, 21 May 2007. Other terms of the contract were not disclosed.
The VW Jetta, produced since 1980 and has spanned five generations, is a version of the Golf sedan. His name comes from the jet stream, following the automaker& 39;s long tradition of naming cars for the different wind. The Jetta has proved to be a wise move for VW. This is because the car was the best-selling European car in Canada and the United States. To Gauge its salability, as of 2005, the European Automobile Manufacturers sold more than 6.6 million Jettas around the globe. In the United States alone, VW sold more than 2.2 million units.
Over the years, the Jetta was in two-and four-door and five-door sedan Wagon variants. Since its original version, the Jetta has in size and influence. In fact, it has etched a milestone in the global automotive industry same arena with his siblings Beetle.
The VW Type, popularly known as the Beetle " ", was introduced to the market in 1938. The car is made prominent by its shape and various auto-parts such as the VW Beetle rainguards. Although despised for its styling queer, rough ride, low noise and power, the Beetle has finally produced the most automobile and the longest for a sole design. The car was a hot seller as a tough competition in the refinement of the rear - cycling conventional small cars realm.
The conquered the German car manufacturer is currently concentrating on improving the old product lines. It is also considering new and innovative models to attract more buyers closer.
With this supply agreement, CAAS has VW in the global sourcing system. According to the China Association of Automobile Manufacturers, two key VW joint ventures in China, Shanghai Volkswagen and FAW VW, jointly produced and sold more than 680000 cars in China in 2006. FAW Volkswagen, the leading car manufacturer in China, is experiencing a hearty year 40 percent over the years unit sales growth in the past year. In the first quarter of 2007, FAW Volkswagen production and unit sales growth accelerated to 55 percent from the same period in 2006.
" This agreement is an important step toward our goal of the leading producers in the power steering market in China. After a decade long effort to improve our product R & D, quality control, production and after-sale customer service, we need to get to a game with a supplier to one of the world& 39;s largest automobile manufacturer " said Hanlin Chen, Chairman and Chief Executive Officer of China Automotive Systems.
Chen added: " We are very pleased to have this opportunity to secure a reliable and robust support for Volkswagen rapid growth in China. As China car OEM market continues to grow, we will focus on expanding our market share and strengthen our relationships with major OEMs, such as Volkswagen, by its high quality and competitive prices. Moreover, we will also continue to improve product quality and the ramp up production capacity in preparation for the potential opportunities outside of China. "
VW is also expanding the partnership with other auto giants. Porsche is reportedly contemplation on the possibilities that his beefed-up partnership with Volkswagen. And hybrid technology is only one of many options on the table. The possible joint use of technology also means access to a large development team can offer Porsche, where the best hybrid engines. The Panamera and Porsche Cayenne, the car, so he was full hybrids, which means that the vehicles can be up to a speed of 20 to 25 miles per hour without kicking on the gasoline engine.
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