"We are developing a budget car for the price range between €6,000 and €7,000. Some three million cars are sold in this segment each year in China alone. We have to adopt new methods. The base development will be carried out in Germany. What will it look like, what engines will it get. It will then be further developed in China with our partner and produced from 2015", said Winterkorn to German newspaper Der Spiegel.
The new Volkswagen budget car is supposed to come in different body styles, and rumor has it that it will be sold under a new brand name as part of the German carmaker's strategy we were telling you about yesterday.
VW's technical chief Ulrich Hackenberg dismissed building a cheap looking car and told Autocar that the new Chinese vehicle will "have good styling".
Story via Autocar