Tag Links: vw, up, low cost

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Volkswagen's management board will sign off on a budget car for emerging markets after ending a long struggle to meet cost targets for the vehicle, a German business magazine said.

VW's senior executives will approve the car in the next few weeks and the supervisory board is expected to sign off on the project by the summer, Manager Magazin said in a report.

VW has been trying for more than a year to hit internal cost requirements for the vehicle, which would likely sell for between 6,000 euros ($8,300) and 8,000 euros and be built in China, the biggest market for budget cars.



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VW Solves Issues In Building A Low Cost Car - Plans New Model Around $8000

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