Volkswagen is ready to consider a new trucks partnership, for example with FAW [SASACJ.UL] in addition to Sinotruck <3808.HK>, as a way to push its expansion in China, trucks chief Andreas Renschler told Manager Magazin. 3808.HK>
Continue Reading Below
"We are thinking about how we can better establish ourselves in China," Renschler told the magazine, adding that FAW is a strong player there.
Asked about VW's existing alliance with Sinotruck, in which VW's MAN division holds a 25.1 percent stake, Renschler said: "This partnership has existed for what seems like forever, with few ups and lots of downs."
(Reporting by Edward Taylor, editing by David Evans)