Articles Tagged with "VW"

"In recent years, the luxury car segment in China has been growing more than twice as fast as the other segments. If everything goes well, sales of luxury cars should approach 700,000 units in 2010, a year-on-year increase of 70%," said Zhang Xiaojun, executive vice-president of FAW-VW Audi Sales Division. Meanwhile, JD Power & Associates predicted that luxury car sales in China will double by 2015.

Volkswagen plans to invest 51.6 billion euros (U.S. $ 121.2 billion) between 2011 and 2015 in its automotive division. Most of the resources or 41.3 billion euros ($ 97 billion) will be allocated for property, plant and equipment and 10.3 billion euros ($ 24.2 billion) for development costs. Of this amount, more than half must stay in Germany.