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"According to the company’s report, VW’s operating profit dropped by 4.7% to €3.64 billion ($4.7 billion) in 2012. As a result, the German automaker said it will increase production in China another 60% by 2018. With European auto sales likely to remain depressed for following years, Volkswagen is counting on the expanding car markets in China and United States. It’s been said that the plan is to increase the number of auto plants by 10 in China alone. "We have t..." Continue Reading →
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