HONG KONG — Volkswagen AG plans to expand its presence in China significantly as part of its global market strategy. The German automaker will increase its total production capacity in China from 450,000 units in 1998 (up 8.4% from 1997), accounting for 54% market share, to 600,000 in the next several years. Stefan Jacoby, vice president Asia/Pacific, predicts China's passenger car production will increase to 1 million units in the next five to seven years. The country turned out about ...
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