Source: Martin Winterkorn (MW), CEO, Volkswagen Group, interviewed in auto motor + sport 16/6/2011
am+s: How about the rumour of new brands in China?
MW: Yes, we have agreed with both joint ventures, FAW and Shanghai Volkswagen, that we will develop a new brand with them which could be positioned under the existing Group brands. [I can only take this to mean "one each".]
am+s: Will it be an electric car?
MW: No. To begin with, we shall make two electric cars in China - one with each joint venture partner. The subject of E-Mobility is right at the top of the agenda of the top people in China.
am+s: How about the rumour of new brands in China?
MW: Yes, we have agreed with both joint ventures, FAW and Shanghai Volkswagen, that we will develop a new brand with them which could be positioned under the existing Group brands. [I can only take this to mean "one each".]
am+s: Will it be an electric car?
MW: No. To begin with, we shall make two electric cars in China - one with each joint venture partner. The subject of E-Mobility is right at the top of the agenda of the top people in China.
