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Volkswagen to open seven factories in China

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Volkswagen to open seven factories in China WOLFSBURG, Germany: Volkswagen, Europe’s biggest carmaker, said Thursday that it planned to open seven more factories in China, as it confirmed record net profits for 2012 and voiced optimism for next year. “In the coming years, we will build at least 10 new factories, seven of those in China alone,” VW chief executive Martin Winterkorn [...] Reported by The News Tribe 53 minutes ago.

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