Volkswagen plans production in N.America -report


FRANKFURT, Jan 26 (Reuters) - German car maker Volkswagen plans production of engines and transmissions in North America to reduce its exposure to the U.S. dollar exchange rate, the German magazine Automobilwoche reported on Saturday. "We will not be competitive unless we produce these components locally," the magazine quoted Stefan Jacoby, president and CEO of Volkswagen of America Inc, as saying. A production facility could be located in the United States, Canada or Mexico, Jacoby ...

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