VW sees Angola car sales doubled to 20,000 by 2007

Newswire

FRANKFURT, Jan 27 (Reuters) - Volkswagen AG, Europe's largest carmaker, said on Thursday it plans to double the number of cars it sells in Angola to 20,000 in 2007 from an expected 10,000 this year. Volkswagen said it would start assembling cars in oil-rich Angola in April, gradually increasing to 160 a day. Angola currently imports about 100,000 new and used cars a year, Volkswagen said. U.S. company ANCAR Worldwide Investments is putting $48 million into the Volkswagen assembly plant ...

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