Volkswagen hopes new models to up Shanghai jv sales


SHANGHAI, June 22 (Reuters) - Top European auto maker Volkswagen AG expects sales at its joint venture in Shanghai to rise slightly this year, as new models attract customers. The venture expects to sell more than 300 million vehicles this year, up from 287 million last year, Dieter Seemann, its deputy managing director, said on Thursday. Sales by Shanghai Volkswagen, a tie-up with top Chinese car maker SAIC Motor Corp, slumped nearly a fifth in 2005, as the German firm offered fewer ...

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