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Volkswagen: Not entering budget car market

Volkswagen’s Head Dr. Winterkorn gave a clear no to entering the budget car market.

On the sidelines of the Detroit auto show, Winterkorn said it would be a ‘big mistake’ for Volkswagen to water down its brands.

In terms of quality, security and CO2-emissions, the company has ‘certain standards’, Winterkorn added.

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Source: Forbes