Automotive Industry
Industry: Email Alert RSS FeedVW ups capacity in China - International Trends - Volkswagen AG - Brief Article
Automotive Industries, Dec, 2002 by Andrea Wielgat
Volkswagen, AG will raise capacity levels at its FAW-Volkswagen joint venture in China by 50 percent. Production of Bora and Jetta cars at the plant will jump from 200,000 cars this year to 300 000 vehicles next year. The move is in response to estimates that new car demand will grow 20 to 30 percent in the next year.
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VW also says it will invest $600 million each year in China until 2007.
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