German
automaker Volkswagen over the next five years will invest around 1 billion euros
in two subsidiaries, Zwickau-Mosel and Chemnitz, the company said.

Zwickau-Mosel will make chassis for luxury models manufactured in Volkswagen’s
Dresden plant, while daily Golf and Passat model production volume will remain
unchanged at 1,150 units.

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At the Chemnitz plant, a new generation of engines will be made beginning mid-2001,
according to Volkswagen executive Folker Weissgerber.

Weissgerber also said the luxury model D1 will be made at Volkswagen’s Dresdner
plant. A launch date for the D1 has not yet been set but the new car will compete
with prestige autos made by Audi, BMW and Mercedes. Volkswagen also is working
on an all-terrain vehicle and a new sports model.

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