Vo5lk­swa­gen to launch bud­get cars in 2018

Metro USA (Boston) - - NEWS -

to launch a fam­ily of low-cost bud­get cars in China and pos­si­bly else­where start­ing in 2018, its chief ex­ec­u­tive said in a news­pa­per in­ter­view on Sun­day.

“We will bring a bud­get­car fam­ily to mar­ket in 2018, with an SUV, saloon and hatch­back,” Martin Win­terkorn told Bild am Son­ntag news­pa­per.

Europe’s largest au­tomaker had for years been pon­der­ing a bud­get car but dif­fi­cul­ties in hit­ting in­ter­nal cost tar­gets had thwarted ap­proval of the pro­ject.

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