CHINA: VW to launch small car within a year - report
Volkswagen is to protect its dominant share of a market it expects to double in size within five years by launching a small car in China in the coming year, Reuters reported. Volkswagen’s share of the Chinese market fell below 50 percent because of a boom in cars costing less than 100,000 yuan ($12,080), some 10 percent less than its cheapest model, the Santana sedan, the report added.
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