VW bets big in China
German automaker Volkswagen Group plans to increase its investment in China to 10.6 billion euros ($14 billion) over the next five years, according to sources from the company's China operations.
The funds will be used to expand Volkswagen's production capacity and launch new models in the world's biggest vehicle market. Volkswagen already sells the most cars of any automaker in China. It moved 1.48 million cars in the first three quarters of this year, up 39 percent from a year ago.
