Volkswagen AG says it will invest €540 million ($650 million) for two proposed Chinese engine plants. This is the second major capacity expansion announced by China’s leading auto maker this week. Earlier this week at the Beijing auto show, the company outlined plans to spend €5 billion ($6 billion) to nearly double production capacity to 1.6 million vehicles over the next three years. (See related story: VW to Build Export Plant in China) The proposed engine plants, in conjunction with ...
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