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VW Spends $4.5 Billion in China as GM Pursuit Trumps Scandal
2016-02-16 09:47:03| Automakers - Topix.net
Volkswagen AG will invest more than 4 billion euros in China this year, as spending plans for new SUVs and plug-in models are spared from cuts the carmaker makes elsewhere in the wake of its emissions scandal. New models will include a locally produced Audi A6 plug-in hybrid in the second half, Jochem Heizmann, Volkswagen's China chief, told reporters Tuesday in Beijing.
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Category:Automotive