Volkswagen AG signs contracts for the construction of a 300,000-unit plant in Foshan City in China’s southern region of Guangdong. The German auto maker’s 10th Chinese plant is to be a complete production facility, with a press shop, body shop, paint shop and assembly area, built on a 420-acre (170-ha) site at a cost of €520 million ($627.1 million). Construction is set to begin at the end of this year. The facility is expected to employ some 4,000 workers when production begins in ...

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