News Source: BBC
| 2 months ago
The funds will be to develop new products and expand production by an extra 100,000 units in China. Some 1.3bn euros of the investment will be used to raise output capacity in both Nanjing and Chengdu by 50,000 units to 350,000 each over two years.
News Source: Asian Wall Street Journal
| 2 months ago
Volkswagen AG said Friday it will invest €4 billion ($5.83 billion) in increasing production and capacity in China by 2011 in a bid to keep pace with soaring demand. "Demand for our models is growing so dramatically that our capacities in China are...
News Source: The Economic Times
| 2 months ago
German carmaker Volkswagen AG said Friday it wants to spend euro4 bn ($5.8 bn) in China between now and 2011 on new products and plant expansions to keep up with rising demand there. The company plans to make investments, including increasing...
News Source: Channel NewsAsia
| 2 months ago
Europe's biggest automaker Volkswagen said on Friday it planned to invest 4.0 billion euros (5.8 billion dollars) to boost its presence in China over the next three years. VW said that the money would be invested in new products and in increasing its...