Tuesday, May 10, 2011
VW to Launch New Luxury Sedan and EV Model in China
Lending even more evidence to China�s growing importance for automakers, Volkswagen is planning to develop two new bespoke vehicles, one with each of its partners in the Middle Kingdom, Autonews said in a report today. Shanghai Volkswagen Automotive Co., which is a joint venture between China�s SAIC Motor Co. and Volkswagen AG, will produce a new luxury sedan, while VW�s second joint venture in the country with the China FAW Group Corp., FAW-Volkswagen Automotive Co., will develop a dedicated electric vehicle for the partnership's newly launched Kali brand.
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