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VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

Green Car Congress

Winterkorn noted that the industry is experiencing its worst crisis in decades, with a collapse in the global market of 18% in the first half of this year. Although Volkswagen sales were down 5.1% for the first half, in June unit sales rose 6%. We have nine strong brands that work well together. We have rock-solid finances.

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