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Volkswagen to Announce China Factory Plans, Handelsblatt Says

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April 18 (Bloomberg) -- Volkswagen AG will announce plans on April 23 for a new factory and other unspecified projects in China, Handelsblatt reported, citing unidentified people in the German chancellor’s office and Economy Ministry.

VW Chief Executive Officer Martin Winterkorn will announce the plans alongside Chancellor Angela Merkel and Chinese Premier Wen Jiabao, Handelsblatt said, citing the people.

To contact the reporter on this story: Alex Webb in Munich via awebb25@bloomberg.net

To contact the editor responsible for this story: Chad Thomas at cthomas16@bloomberg.net

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