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Monday, June 11, 2012

Volkswagen to boost production capacity in China: Report

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http://www.straitstimes.com/BreakingNews/Money/Story/STIStory_809446.html

Volkswagen plans to increase its annual production capacity in China to four million vehicles by 2018, a German news magazine quoted the company's new chief for China as saying on Sunday.

Volkswagen, Europe's leading automotive group, announced on June 2 a shake-up to increase its focus on the Chinese market, unveiling a new group management department for China under Jochem Heizmann's leadership.

China is VW's biggest market, ahead of Germany.

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