SHANGHAI — Shanghai Volkswagen Automotive Co. Ltd. begins production of Passat model sedans at its new plant. The newly completed RMB5 billion (US$604 million) plant marks the third for the joint venture between Germany's Volkswagen AG and Shanghai Automotive Industry Corp. The Shanghai Passat, based on the Passat B that VW makes in Germany, should hit the market this month. Shanghai VW anticipates sales of 30,000 units annually. The JV also makes the top-selling Santana. Volkswagen, ...
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