Volkswagen Moving Forward with Entry-Level Brand

VolkswagenVolkswagenGermany, 1938 > present98 models
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is moving forward with plans for an entry-level brand for emerging markets.

“Our budget car plans are progressing. We haven’t made any firm commitments — not because we’re slow but because we are doing our homework. If we do it, we will do it with a joint-venture partner,” said Hans-Jakob Neusser, Volkswagen’s new head of research and development.

That likely means that Volkswagen will work with its Chinese joint venture partner SAICShanghaiChina, 1958 > 19792 models
to develop the brand.

On the other end of the market, Neusser also said that VW is also developing a new PhaetonVolkswagen PhaetonGermany, 2002 > present37 versions
82 photos
and is in an advanced stage. It is meant to be more competitive than the current model.

Source: Autocar