February 11, 2012

 

VW invest further in China

Volkswagen is increasing its presence in China after agreeing a 4bn euros ($5.84bn; £3.5bn) investment.

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.

Meanwhile, VW is also exploring the possibility of building cars in Malaysia with local automaker Proton

 

 

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