Europe’s largest automaker reiterated its goal of selling 1 million Volkswagen and upscale Audi vehicles annually in the United States by 2018 as it launches more locally made cars.
Volkswagen AG said on Sunday it plans to make a sport utility vehicle tailored for the North American market and will invest $7 billion in the region as it seeks to increase sales. The company said the move was a sign of renewed commitment to the market after a sales decline by its core VW brand, which continues to achieve low U.S. quality scores.
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