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VW & GM’s Chinese JVs with SAIC Motor in trouble over govt subsidies

The Chinese joint ventures of Volkswagen and General Motors with local vehicle manufacturer SAIC Motor are reportedly in trouble over their roles in obtaining government vehicle subsidies. The JV companies, Shanghai Volkswagen and Shanghai GM, have been implicated in illegally obtaining government funds meant for approved energy-efficient vehicles. A China Subscribe to Automotive World to … Continued

The Chinese joint ventures of Volkswagen and General Motors with local vehicle manufacturer SAIC Motor are reportedly in trouble over their roles in obtaining government vehicle subsidies. The JV companies, Shanghai Volkswagen and Shanghai GM, have been implicated in illegally obtaining government funds meant for approved energy-efficient vehicles. A China

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https://www.automotiveworld.com/articles/vw-gms-chinese-jvs-with-saic-motor-in-trouble-over-govt-subsidies/

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