German carmaker Volkswagen AG said Friday it wants to spend euro4 billion ($5.8 billion) in China between now and 2011 on new products and plant expansions to keep up with rising demand there.
The company plans to make investments, including increasing capacity, at its Nanjing and Chengdu plants, where it hopes to produce two new models starting in 2012.
The Wolfsburg-based company said the move would be financed through existing cash flow from the region.
"China is the world's most important market for Volkswagen where we have a very wide product pallet," VW chief executive Martin …
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