Die Welt reports that Volkswagen has denied rumours that it is planning to launch a model for less than 8,000 euros in Europe. Company spokesman Hans-Gerd Bode said at the weekend that the group would not start selling passenger cars for less than 8,000 euros in Europe.
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It has been reported in the German media that Volkswagen might decide to start distributing a low-price Brazilian or Chinese model in western Europe from 2008 onwards.
Mr Bode confirmed, however, that Volkswagen intends to start selling a modified version of its Fox model in Europe next spring for less than 10,000 euros. The model is currently sold for around 5,500 euros in Brazil. Company chairman Bernd Pischetsrieder had announced last month that the Europeanised Fox would cost between 8,000 euros and 10,000 euros.
