Volkswagen plans budget UP! car in emerging markets

Newswire

FRANKFURT, June 22 (Reuters) - German carmaker Volkswagen's plans to build a low-budget car specifically for growth markets like China, Brazil and India -- based on the Up! series -- are advancing well, a magazine reported on Wednesday. With the new small car, Europe's largest carmaker aims to target customers who cannot afford to splash out on pricier models, Manager Magazin reported, citing company sources. A spokesman for Volkswagen reiterated plans that the first version of the Up! ...

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