Volkswagen's additional investment of 16 million euros to expand production capacity
Public car increases investment in China
In order to adapt to the Chinese Auto market's rapid development, Volkswagen will append the investment in China 16 million euros for two new factory construction and other projects. Last year, Volkswagen has decided to invest in China 44 million euros. In this way, the Volkswagen Group in China's new investment will reach 60 million euros, the Group expects to continue to maintain a leading position in the Chinese market.
"China market development beyond everyone's expectations," Volkswagen Group Chairman Dr Andrew said. "Volkswagen Group has abundant product line up the future of the automobile market position. Through additional investment, we will be in the Chinese market, more successful. ”
These are used for new models and to expand the production capacity of investment will come from Volkswagen in China joint venture automotive of Shanghai VW and Faw-VW, Volkswagen Group Supervisory Board has approved the investment plan.
Volkswagen Group (China) President and CEO Dr. van Andrade said: "through new investment, we will invest more in China, new models, the introduction of the latest technology. Volkswagen Group believes that these investments will help us to not only keep in China leads the automotive market, and become the leader of the new power technology. We will plan to achieve annual sales volume doubled, 200 million of long-term goals. ”
2010 Volkswagen will China launched seven new models and change subsection models, of which four models ― -Volkswagen GTI Golf (Gallery Forum) , transit concept, new Jetta (Gallery Forum) and new Skoda Octavia (Gallery Forum) already listed, another new cars of domestic Volkswagen CC also at the Beijing auto show debut.
The Volkswagen Group in the first quarter of 2010 to mainland China and Hong Kong customers deliver new car 457,259 (first quarter of 2009 as 284,146), an increase of 60.9%.
Volkswagen Group
Volkswagen Group was founded in 1938, is headquartered in Wolfsburg, Germany is Europe's largest automobile company, which is also the world automotive industry's most powerful corporations in the world. The group currently has nine major automobile brands: Volkswagen (Germany) Audi , (Germany) Lamborghini , (Italy) Bentley , (United Kingdom) bugadi , (France), Asia (Spain), Skoda (Czech), Volkswagen commercial vehicles (Germany), Scania (Sweden). Volkswagen Group employs 359 wholly and participating companies, automobile sold in 153 countries and regions, the business areas including automotive research and development, production, sales, logistics, services, automotive, financial services, automotive, insurance, banking, etc.
In 2009, Volkswagen Group sales automotive 630 million, and the sales revenue of