Remove 2018 Remove Automobile Industry Remove Financing Remove Future
article thumbnail

Volkswagen Group to Invest 4B by 2011 to Expand Activities in China

Green Car Congress

The investments are to be financed from the cash flow of the Chinese joint venture companies. At the Nanjing and Chengdu plants, production is to be boosted to between 300,000 and 350,000 units in each case by 2012. "In China, we will see clear double-digit growth in 2009 and expect to remain the market leader in the future.

China 210
article thumbnail

German OEMs to upgrade emissions control on 5.3M Euro 5 and 6 diesels, contribute to €500M Sustainable Mobility fund

Green Car Congress

million currently approved Euro 5 and 6 diesels in the country, according to the outcome of the “National Diesel Forum” held in Berlin today between the automotive industry and the German Federal and state governments. The aim is a 30% reduction in NO x emissions from these vehicles by the end of 2018.

Diesel 150
article thumbnail

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 made the remarks during a presentation at the 17 th Handelsblatt-Jahrestagung in Munich on 3 July, during which he outlined VW’s approach to future mobility in the current context of the economic crisis, pessimism about the industry and technology potential. We have rock-solid finances. Background. Martin Winterkorn.

2013 150