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VW to invest 2 billion euros to build new China plants

Martin Winterkorn, left, visits the FAW-Volkswagen production plant in Chengdu, China, on Sunday with German Chancellor Angela Merkel, right. The CEO is part of a business delegation accompanying Merkel on an official visit to the country. (Reuters)
July 07, 2014 05:00 AM

SHANGHAI (Bloomberg) -- Volkswagen Group will invest 2 billion euros ($2.7 billion) to construct two new vehicle plants in China, the carmaker said in a statement today.

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