VW revving up China output

20140707 VW China

German Chancellor Angela Merkel and Volkswagen CEO Martin Winterkorn visit the company's Chengdu plant.

TETSUYA ABE, Nikkei staff writer

BEIJING -- German auto giant Volkswagen will build two new factories in China, moving to expand its production capacity in the country.

     Investment in the plants -- one in Qingdao, Shandong Province, and the other in Tianjin -- is expected to reach a combined 2 billion euros ($2.72 billion).

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