VW's Chinese budget brand still on track for 2018 launch

Tuesday, May 24th, 2016 - autos, cars, motoring, news

Source : VW's Chinese budget brand still on track for 2018 launch

VW FAW budget brand The first two cars the only Chinese budget built by Volkswagen as well as FAW will be a SUV

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two between China only SUVs are inside pipeline, the budget created by brand Volkswagen FAW.

press conference, VW chief executive Matthias Mueller, speaking at annual results VW Group: “In China, we are working full steam ahead on the vehicle balance through a joint venture with FAW-Volkswagen. We are planning to be brand independent there. “

details of the budget are a few project, yet Mueller said of which the cars first introduced under the brand also did not disclose his name will be after each of the SUVs.

, the item is usually likely of which one of these will be the mid-SUV-sized, inside light of the current market demand in This particular sector, as well as of which the saloon as well as hatchback types of which will follow – sharing platform is usually inevitable, as the item seeks Volkswagen to reduce the development costs of the budget group.

the item is usually not known yet what the SUV segment will occupy the second.

brand will be the 13th on the Volkswagen Group, as well as contrary to industry speculation of which Volkswagen will sell some of its subsidiaries in light of the escalating financial penalties resulting by current emissions scandal.

“In my opinion I expressed 13 brands is usually not a weakness yet strength. He said in these times, we are currently not seen any of these considerations,” Moeller.

Despite earlier reports of which the brand will go on sale in additional markets outside China, including India, South America as well as Africa, stressed Mueller This particular will not be selling the brand budget in China

VW partner inside project, FAW, is usually the state-owned company, which produces commercial vehicles as well as large markets; the item also has joint ventures with General Motors as well as Toyota in China.

by Autocar via RSS



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