ŠKODA PLANS TO DOUBLE SALES IN CHINA WITH USD2 BILLION JOINT VENTURE INVESTMENT
April 1st, 2016
Czech automobile manufacturer Škoda Auto, the subsidiary of Germany’s Volkswagen, plans to strengthen its position in the Chinese market, through a planned EUR2 billion investment over five years in the Shanghai-based SAIC Volkswagen Automotive Company Ltd.
The manufacturer is betting on the Chinese market in the future, Škoda China president Andreas Hafemann told wardsauto, saying the company wanted to double its China sales following the deal. Tomáš Kubík, corporate communications manager at Škoda Auto, in Prague, said the company wanted to meet this ...
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