Agence France-PresseMay 14, 2013 04:24
German auto giant Volkswagen (VW) will build a plant in central China, a spokesman said Tuesday, as it battles US rival General Motors to be the top foreign automaker in the world's biggest car market.
The plant in the city of Changsha will start production in early 2016 with an annual output capacity of 300,000 vehicles, a Beijing-based spokesman for VW told AFP.
"We are quite close to an official announcement. I think it will come this week," the spokesman said, but declined to give an investment figure.