Volkswagen’s budget plan brand set for China

Volkswagen’s on-off budget plan brand will introduce in China in 2019, business bosses have verified to car Express.
Finally fast-tracked after years of being moved around Volkswagen’s concern list, the still-unnamed brand will make its debut with a little saloon as well as a mid-sized SUV, however will only be offered in China in its preliminary stages.
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The objective is for the new marque to add to Volkswagen’s 2.99 million 2016 sales in China, as well as after a settling-in period there target Mexico, Brazil as well as even India. While Volkswagen insists it has no plans for the brand outside emerging markets, that’s likewise what Renault stated about Dacia, its budget plan offering, during its early years.
A senior Volkswagen official has likewise verified that the brand, which has set fantastic Wall’s Haval brand as a Chinese sales as well as high quality benchmark, is aiming for a cost of less than 70,000 RMB (£8,100).
It will be developed in partnership with VW’s Chinese joint-venture partner, FAW, utilizing the PQ chassis design of the old Golf Mk6, production of which ended in 2013.
“The budget plan vehicle is still under development. even much more best now,” Volkswagen advancement manager Dr Frank Welsch confirmed. “Two years back the vehicle you heard about was a sedan.