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Entries in FAW Group Corp (2)


Former FAW-Volkswagen executive jailed for life

Shi Tao, the former executive deputy general of FAW-Volkswagen Sales Co Ltd, a subsidiary of Volkswagen AG’s China joint venture, has been sentenced to life in prison for accepting bribes totaling 33 million yuan ($5.3 million).

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VW China partner graft probe widens

China’s anti-graft authorities have launched investigations of 50 executives at state-owned FAW Group Corp, one of the country’s Big Four automakers and a partner of Volkswagen AG, sources said.

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