Volkswagen AG reportedly introduces its plan to restructure and rejuvenate its operations in China by cutting production, procurement costs and adding as many as 12 new models designed specifically for the market. Dubbed the Olympic Program because it runs until 2008, the year China hosts the summer Olympic Games, the plan aims to cut cost by increasing sourcing within China and encouraging its joint-venture partners FAW Group Corp. and Shanghai Automotive Industry Corp. to pursue joint ...
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