SHANGHAI — Volkswagen AG plans to nearly double its investment in China over the next five years, says Stefan Jacoby, VW vice president for Asia/Pacific, in a published report. Volkswagen has invested more than DM3 billion, or RMB13.68 billion, (US$1.65 billion) over the past 15 years to set up ventures in Changchun, with First Auto Works, and in Shanghai, with Shanghai Automotive Industry Corp. Jacoby is quoted as saying VW plans to hike its investment by an additional DM3 billion ...
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