Volkswagen signs off economical brand

Volkswagen Hans Demant announced some new information about the company’s entry-level brand. Demant said that “The concept and design are now in place. We will produce all components in China”. The first appearance of the brand’s first model could be in China in late 2016 or early 2017. The first model is expected to cost around £5000 and will be built and sold in China and it is treated as its way to India, Latin America, Eastern Europe, the Baltic region and Africa market.

The name of the budget brand has not yet been decided. “We know we are not prepared to launch cars that don’t meet our maximum quality aspirations, and we know we face a challenge” research and development boss of the company, Dr Heinz-Jakob Neusser said.Volkswagen

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