In 25 years Shanghai VW reached 5 million cars

Posted on Thursday, 15 October 2009 , 15:10:28 byEmil

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In 25 years Shanghai VW reached 5 million cars

Shanghai Volkswagen, VW's joint venture in China, celebrates the twenty-fifth anniversary so, the firm announced also that it has the five millionth unit rolled out, China made.

Shanghai VW was created in 1984; since then, the firm raised gradually its local shares. Shanghai VW passed in 1998 the milestone of 1 million car while in 2002 June, it rolled out officially the 2 millionth vehicle. 3 years later, they had 3 million autos while last year in January, it reached the 4 millionth production unit.

Dr. Horst Neumann, Management Volkswagen AG Member of Board for Human Resources, affirmed 'The Group is investing a total of four billion euros in new products and production capacity expansion between 2009 and 2011 in order to extend Volkswagen’s market leadership in China further. Shanghai Volkswagen has delivered an outstanding performance in 25 years. Today the joint venture has the largest and most modern car manufacturing capabilities in China. Our growth course in this market plays an important role in achieving the ambitious targets of the Volkswagen Group as it heads towards becoming the world’s number one automaker'

'Established in October 1984, Shanghai Volkswagen was one of the first joint ventures to be set up as China opened its economy. Volkswagen’s commitment was a far-sighted decision. As an attractive international employer, Volkswagen also focuses on fostering the competences of its employees in China'.

Shanghai VW has headquarters up in Anting International Auto City, owning currently 4 car production factories, 1 engine plant, a center of technology plus a center of design. It makes 11 units from the VW brand name (Polo Jinqing, Cross Polo, Polo Jinqu, Lavida, Santana Vista, Santana, Touran and Passat New Lingyu) and Škoda brand (Superb, Octavia and Fabia).