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Volkswagen's scheme to become the number one company in global auto industry sales by 2018 is no joke. The Germans, who are already pondering on buying a new brand, have also confirmed plans of opening up at least ten new factories in the next years.
According to the Volkswagen CEO Martin Winterkorn, the world's third largest car manufacturer wants seven of those plants to be built in China, with the other three to be placed in the US and in other regions outside the European market.
"We will be building a minimum of 10 additional plants in the coming years — of which seven will be in China alone," Martin Winterkorn said, adding that the company is also considering expanding its production capacity in the US to develop four or five new models.
"After the success of the U.S. version of the Passat, the goal is to establish ourselves in another core segment," Winterkorn added, hinting at an US spec full-size SUV based on the CrossBlue Concept.
Otherwise, the Wolfsburg-based company will continue to invest in Europe, with €33 billion ($43 billion) to be pumped in the old continent's factories over the next three years.
Story via DetroitNews
"We will be building a minimum of 10 additional plants in the coming years — of which seven will be in China alone," Martin Winterkorn said, adding that the company is also considering expanding its production capacity in the US to develop four or five new models.
"After the success of the U.S. version of the Passat, the goal is to establish ourselves in another core segment," Winterkorn added, hinting at an US spec full-size SUV based on the CrossBlue Concept.
Otherwise, the Wolfsburg-based company will continue to invest in Europe, with €33 billion ($43 billion) to be pumped in the old continent's factories over the next three years.
Story via DetroitNews
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