SHANGHAI, Sept 30 (Reuters) - German auto giant Volkswagen AG said on Tuesday it will invest 240 million euros ($278.6 million) with a Chinese partner in a venture to produce high-grade engines in Shanghai that should start up by 2005. The plant will be designed to crank out 180,000 engines a year initially, rising to 300,000 eventually. Volkswagen now maintains capacity to produce about 750,000 engines per year -- roughly in line with its current car capacity in China. ($1=.8613 Euro)
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