Volkswagen to boost production market in China

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Volkswagen's largest automobile manufacturer in Europe decided to step up the production of the car at full market potential, rapid growth as China to offset the decline in the European market.According to the Association of European Automobile Manufacturers, the European market fell 10.2 percent in February and vehicle sales decreased 829,359 units.
Volkswagen planned to build a new assembly plant with the desire to double production capacity to achieve more than 4 million vehicles in 2018. Announcement was made at the annual notice of the airline.

          Volkswagen Group's annual profit fell 4% and the amount of up to $ 3.6 billion last year.
He Martin WinterKron said: "2012 was not a year for the automotive industry. Europe's debt crisis has hurt and cause a lot of difficulties for the automobile industry. But, Volkswagen still works stable and reliable "

                                                         Mr Martin Winterkorn, VW CEO
According to Volkswagen, the Chinese market is the company's largest market. In addition, the development of markets in Russia, India, and Southeast Asia are also increasingly important.
CEO VW said: "as well as the Porsche brand closest to Volkswagen from 08.01.2012 it was a success. We expected to be able to achieve 700 hundred million Euros, but now the number has increased to nearly 1 billion euros annually "
As expected, the profit of the Spanish car manufacturer Seat has decreased by 1/3, the Czech Republic's Skoda has dropped to 4% and the number of vehicles assigned Volkswagen German market fell to 9 percent in the first two months of the year.