Mexican Media Brands
FAW Chairman Faces Corruption Probe
Xu Jianyu, China FAW Group Corp.'s chairman since 2010, is the target of a corruption investigation by the Communist Party's Central Commission for Discipline Inspection, Automotive News reports.
Share
Xu Jianyu, China FAW Group Corp.'s chairman since 2010, is the target of a corruption investigation by the Communist Party's Central Commission for Discipline Inspection, Automotive News reports.
The commission offers no details except to say Xu, 62, is suspected of having "seriously violated" the party's rules and the law, according to AN.
The newspaper notes that several lower-level managers at FAW have been investigated for taking bribes. It says Xu is the highest-ranking auto industry executive targeted to date.
RELATED CONTENT
-
On Automotive: An All Electric Edition
A look at electric vehicle-related developments, from new products to recycling old batteries.
-
GM Develops a New Electrical Platform
GM engineers create a better electrical architecture that can handle the ever-increasing needs of vehicle systems
-
GM Seeks to Avert U.S. Plant Shutdowns Linked to Supplier Bankruptcy
General Motors Co. says it hopes to claim equipment and inventory from a bankrupt interior trim supplier to avoid being forced to idle all 19 of its U.S. assembly plants.
