VW To Produce New Model Following Expansion

News: According to Reuters, German auto maker Volkswagen (VW) is planning to produce a new model in 2010 following an investment of US$1bn to expand its Mexican plant. The investment in the key plant, is part of the company's strategy to increase sales while other carmakers are facing a fall in demand caused by the economic downturn. VW will begin production of the new model in March or April 2010.

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