November 27, 2017 / 12:20 PM / 20 days ago

Volkswagen, China's JAC eye light commercial vehicles JV

FRANKFURT, Nov 27 (Reuters) - Volkswagen and Anhui Jianghuai Automobile (JAC) are considering setting up a joint venture for research and development of multi-functional vehicles (MFVs), or light commercial vehicles, Volkswagen said on Monday.

The two companies will examine various options for such a joint venture, including design, technology, product quality and development of MFVs, Volkswagen’s commercial vehicles division said on Monday.

The venture would be half-owned by China’s JAC and half by Volkswagen and would be based in JAC’s home town of Hefei.

Volkswagen and JAC are already setting up a joint venture to make electric vehicles. (Reporting by Maria Sheahan; Editing by Douglas Busvine)

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