Volkswagen AG says it plans to build light-commercial vehicles in China to counter its falling market share due to stiff competition. The German auto maker also will produce engines and components. The company says it will produce the VW Multivan and Caravelle light trucks in China with longtime partner First Auto Works, but does not specify a timeframe, Reuters reports. VW’s Chinese subsidiary, VW Shanghai Automotive Industry Corp., also has signed an agreement with FAW to form a joint ...
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