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VW to roll out discount cars in China in 2017

HANNOVER, Germany -- German automaker Volkswagen plans to roll out low-price models in China in 2017, targeting first-time car buyers.

     The plan was revealed at the company's shareholder meeting on Tuesday. CEO Martin Winterkorn said it will likely start production in 2017. Though he did not touch on specifics, such as pricing, he hinted a final decision will be soon made.

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