VOLKSWAGEN TO STILL INVEST EUR 6 BILLION IN CHINA
AsiaInfo Services, February, 2004
AsiaInfo Services 02-06-2004 Volkswagen to Still Invest EUR 6 Billion in China CHINA, Feb 06, 2004 (SinoCast via COMTEX) -- On February 3, 2004, Volkswagen (China) Investment Company Limited (VCIC) explained that Volkswagen would still invest EUR 6 billion (USD 1 = EUR 0.7974) in China, because some current reports in China and overseas said in error that Volkswagen would reduce a EUR 1 billion investment in China in 2004. The misunderstanding stemmed from a conversation by Dr.
Bernd Pischetsrieder, chairman of Volkswagen, at an automotive forum opened in Essen, Bermany. Meanwhile, a certain international news agency sent a misunderstanding report according to the conversation. It later took back the report in time. The conversation means in truth that in...
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