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Volkswagen to Announce China Factory Plans, Handelsblatt Says

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.

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