Volkwagen’s plans to expand manufacturing and other operations in North America will combat any effect of the weak dollar on financial performance, a senior executive said.

Jonathan Browning, president and chief executive of Volkswagen Group of America told Dow Jones Newswires manufacturing cars in the US will minimise the effect of the weak dollar on the company’s bottom line.

The carmaker is soon to open a manufacturing plant in Chattanooga, Tennessee, as part of a US$4bn investment in the US.

The VW group this week reported a further rise in vehicle sales worldwide for the first four months of this year. The automaker made 2.66m deliveries, up just under 14% year on year.

It also  reported a rise for April, when 690,900 vehicles were sold, an increase of 14.5%.

Globally the German carmaker made 2.66m deliveries in 2010, up just under 14%.

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