Cars
SVW to co-develop new luxury sedan
(皇冠体育app Daily)
Updated: 2011-05-09 11:21
 |
Large Medium Small |
Shanghai Automotive Industry Corp recently signed an agreement with Volkswagen Group to co-develop a luxury sedan at their joint venture in 皇冠体育app, the first of its kind in the VW brand's global portfolio.
Shanghai Volkswagen said in a statement that the new sedan will be locally produced for the Chinese market, but sources familiar with the deal said the car is also likely to sell internationally.
The company did not reveal a timetable for development of the model.