CHINA: Volkswagen joint ventures to almost double production capacity by 2007 - report
Volkswagen and its Chinese partners said on Monday they will nearly double their capacity in the world's fastest-growing car market to 1.36 million vehicles by 2007, Reuters reported. Analysts told the news agency that the move is meant to help Europe's largest car maker stave off competition and protect its now-dominant position in its second-largest market, but could tip the Chinese market closer to overcapacity and a margin-eroding glut.
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