Volkswagen targeting 60% rise in China production

Volkswagen AG plans to increase production by 60 percent by 2018 in China, where the German company's earnings last year rose by almost half. A new plant in China, just approved by the supervisory board, will be designed to build up to 300,000 vehicles a year and will start operating in early 2016, Martin Winterkorn, chief executive officer, said on Thursday. Production capacity in China will rise to 4 million vehicles a year by 2018 from about 2.5 million now.

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