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VW aims for double-digit growth in China

German carmaker Volkswagen is targeting double digit sales growth in China this year and will launch two new hybrid cars in the world's leading auto market, the group's chief said on Saturday. "For 2014 we have once again set our sights on double-digit growth in China and are aiming to deliver more than 3.5 million vehicles to customers for the first time in a calendar year," Martin Winterkorn, said in a statement released in Beijing. Volkswagen sales already jumped 16.2 percent in China in 2013.

Audi expects to sell half million cars in China this year

By Norihiko Shirouzu BEIJING (Reuters) - Volkswagen's <VOWG_p.DE> luxury division Audi plans to sell about half a million cars this year in China, the world's biggest auto market, and raise the number of its Chinese dealers to 500 by 2017. The German automaker hopes its car sales will exceed 500,000 this year, executives told reporters on Friday before the Beijing auto show, which opens on Sunday.

VW picks former Audi R&D boss to run Bentley, Bugatti brands

BERLIN (Reuters) - Volkswagen <VOWG_p.DE> has appointed Audi's former development chief to take the reins at Bentley and Bugatti, the third top management change at the two ultra-luxury auto brands in just over three years. Wolfgang Duerheimer, sacked as Audi's R&D boss last June over differences with staff, will become head of Bentley and Bugatti on June 1, replacing Wolfgang Schreiber who will assume "a leading role" within the VW group, the Wolfsburg-based manufacturer said on Tuesday.

Skoda revs up record sales, reports boost in China

Czech car group Skoda on Thursday announced record sales in the first quarter of the year, driven mainly by impressive results from China. Sales rose 12.1 percent in the January to March period this year compared to the same three months in 2013, the firm said, with 247,200 vehicles sold. The company, part of the Volkswagen group, also said its March sales hit new record highs, with 96,100 cars sold, a rise of 14.6 percent compared to the same month last year.

Germany's BMW to make X7 crossover vehicles in South Carolina: sources

(Reuters) - German luxury carmaker BMW <BMWG.DE> will soon announce plans to build its X7, a large crossover vehicle with three rows of seats, in South Carolina where its plant will undergo an upgrade costing several hundred million dollars, sources said on Friday. Annual production at the Spartanburg plant, where BMW currently employs more than 7,000 workers, would be increased to 400,000 vehicles, a third more than its current output, the sources said.

Volkswagen to build 800-million-euro factory in Poland

German auto giant Volkswagen will invest 800 million euros ($1.1 billion) in a new factory near the western Polish city of Poznan, Poland's foreign investment agency said Tuesday. "The group will invest close to 3.4 billion zloty in Wrzesnia, where it will employ more than 2,300 people" to produce its popular Crafter utility vehicles, the government agency said in a statement.

Correction: Volkswagen earnings story

FRANKFURT - In a March 13 story about Volkswagen's earnings, The Associated Press reported erroneously that the 9.1 billion-euro net profit figure was attributable to Porsche. The figure is attributable to Volkswagen, not Porsche. A corrected version of the story is below: Volkswagen gives cautious outlook for rest of year Profits at luxury Porsche brand boost Volkswagen earnings, but outlook is cautious By DAVID McHUGH AP Business Writer

VW sees 'good chance' of reaching 10 mn sales this year

Volkswagen, Europe's biggest carmaker, is set to sell more than 10 million vehicles this year, chief executive Martin Winterkorn said on Thursday. "There is a good chance that we will already exceed the ten million deliveries mark this year -- four years earlier than originally planned," Winterkorn told the group's annual earnings news conference. In 2013, worldwide deliveries rose by 4.9 percent to 9.7 million vehicles, placing VW ahead of US rival General Motors to become the world's second-biggest car maker after Japan's Toyota.

VW sees 'good chance' of reaching 10 mn sales this year

Volkswagen, Europe's biggest car maker, is set to sell more than 10-million vehicles this year, chief executive Martin Winterkorn said on Thursday. "There is a good chance that we will already exceed the ten million deliveries mark this year -- four years earlier than originally planned," Winterkorn told the group's annual earnings news conference. VW "made a healthy start to 2014," Winterkorn said. In the first two months, about 1.5 million passenger cars and light commercial vehicles were delivered worldwide, a year-on-year increase of 4.7 percent.

VW near decision to produce SUV at Skoda or Seat plant: official

PRAGUE (Reuters) - Volkswagen <VOWG_p.DE> is close to deciding on whether to produce a new sport-utility vehicle (SUV) for its mass-market brands Skoda and Seat at a plant in the Czech Republic or Spain, a Skoda union leader said on Tuesday. Czech newspaper Mlada Fronta Dnes reported earlier on Tuesday that the German car group had picked its Skoda plant in the Czech Republic over Spain's Seat as the site to produce the new SUV. An announcement should come by Friday, it said.
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