Audi Dealers in China Threaten to Suspend Sales on Venture Talks
- VW signed MoU with SAIC to explore producing Audis in China
- Audis currently made in joint venture with China FAW Group
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Audi’s dealers in China are threatening to suspend sales of the luxury German brand if the company doesn’t drop a plan to produce and sell cars with SAIC Motor Corp., which could add more distributors and potentially depress profits.
A group of Audi dealers met with executives from the carmaker in Foshan, China, on Monday to voice their concerns about the automaker’s plans with Shanghai-based SAIC, according to China Association of Automobile Dealers official Song Tao. He denied reports that the dealers were seeking 1 billion yuan ($145 million) in compensation, without giving more detail.