News Snapshot:
BEIJING: Volkswagen AG and its Chinese language three way partnership accomplice SAIC Motor plan to take a position 4.13 billion yuan ($590 million) to revamp their automotive crops in Shanghai to make new Audi sedans, in keeping with a authorities doc seen by Reuters. SAIC Volkswagen, the three way partnership (JV) of Wolfsburg-based automaker and China’s greatest automaker, presently solely sells automobiles beneath the Volkswagen and Skoda marques. Audi is Volkswagen’s luxurious automotive unit. With the revamp at its Shanghai crops, the JV is aiming for an annual manufacturing capability of 60,000 Audi A7L sedans and 60,000 new Volkswagen sport-utility...
