SAO PAULO — Volkswagen do Brasil plans to offset sluggish sales on the domestic market by exporting a projected US$1.2 billion worth of vehicles, especially to Mexico and the U.S., says Herbert Demel, president of the Brazilian division. Export contract volume rose 30% in the first six months of the year compared with 2000, he says, noting he expects the annual growth to average close to 10%. One advantage for VW is the increased export of high-sticker vehicles, such as the Golf, while ...
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