VW to invest fewer euros in China due to weak yuan


ESSEN, Germany, Jan 29 (Reuters) - Germany's Volkswagen AG said on Thursday it would invest fewer euros in the booming Chinese auto market than it had originally earmarked because a weak Chinese yuan made the investment more valuable. "We will invest five billion euros in China in the coming years," Chief Executive Bernd Pischetsrieder said at an event in Essen. Europe's biggest carmaker had previously flagged investment of six billion euros ($7.5 billion) in China from 2004 to 2008. The ...

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