June 16, 2008

VW China Venture May Build New Audi Assembly Line

German carmaker Volkswagen's car venture in northeast China is likely to add a new Audi assembly line, which would have the capacity to produce around 140,000 units per year, Reuters has reported, citing a company spokesperson.

It is reported that the new assembly line will have over $145 million being invested and is likely to start production by mid-2009. The plant will be producing the Audi A4 and Q5 models.

Presently, the joint venture with China's FAW Group produces 100,000 Audis per year. The plant also builds Audi's A4 and A6 models, in addition to Volkswagen's Bora, Caddy, Magotan, Jetta and Sagitar vehicles.