German auto giant Volkswagen says it will continue to invest heavily in China despite the uncertainty facing both the global economy and auto market.
Volkswagen on Thursday announced its China market strategy through 2018, setting out an ambitious goal to double its annual sales from the current one to two million vehicles in China as earliest as possible over the next decade.
 |
|
Winfried Vahland, Executive Vice President of Volkswagen Group
|
Winfried Vahland, Executive Vice President of Volkswagen Group said "This economic downturn worldwide might affect China market in 2009, 2010. We don't know. Nobody knows. But that's why at this moment we choose to show our Strategy 2018 to show our commitment to China to show we are not hesitating to invest even heavily in the crisis and view for long-term vision that we want to invest in China's future, our future..."
Volkswagen pledges to double its dealers in China by 2018 and to introduce at least four new models to the China market each year over the next 10 years.
