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VW: Working on new car brand for China!

VW China

German Autobild is reporting that VW is working on creating a new brand as a joint venture with a Chinese partner to introduce cheap cars to Chinese people living outside of the metropolitan areas. Target is to build cars below 8.000 Euro ($10.700).

The partner in China has not been picked now, but negotiations are on the way. Also the name of the new car brand has not been decided yet.