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Former head of China FAW Group Corp expelled from Communist Party

Published 13/08/2015, 04:18
Former head of China FAW Group Corp expelled from Communist Party
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BEIJING (Reuters) - Chinese authorities have expelled the former chairman of state-owned China FAW Group Corp. from the ruling Communist Party, an anti-graft agency said on Thursday.

Xu Jianyi, the former chairman, embezzled funds, took bribes and improperly advanced the career of his son, the party's top anti-corruption commission said.

China FAW is one of China's top state-owned automakers, and has joint ventures with Volkswagen (XETRA:VOWG), Toyota and General Motors (NYSE:GM) in China.

Xu came under investigation in March, the commission said.

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