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- Gulf Bank continues to attract young Kuwaiti talent and professionals
- Aayan Leasing and Investment acquires a strategic stake in DAWI app
- Government Measures Bring Down Inflation in Saudi Arabia to 2.2% in September
- IMG urges countries to keep trade as engine of growth
- KIPCO recognized by Forbes Middle East for continued sustainability excellence
- Aramco Chief Warns of Global Oil Shortage if Industry Fails to Invest
- Alec Holdings debuts on DFM in largest-ever construction sector IPO
- flynas launches first dedicated kids, family check-in service at Jeddah Airport
- Qatar-UAE investment opportunities meeting discusses enhancing coop' relations
- Kuwait opens real estate sector to listed firms, investment portfolios
14/09/2009 00:00 AST
It is reported that Europe biggest automaker Volkswagen plans to invest EUR 4.0 billion to boost its presence in China over the next three years.
VW said that the money would be invested in new products and in increasing its manufacturing capacity with production at its Nanjing plant set to increase to 300,000 units per year and at Chengdu to 350,000 by 2012.
Mr Martin Winterkorn CEO of VW said in a statement that "China is one of Volkswagen's most important markets worldwide. Demand for our products is growing so fast that our capacity is no longer sufficient."
Mr Winfried Vahland head of Volkswagen China said "We expect to achieve double-digit growth in China this year and to secure our market leadership going forward."
He added that VW is well on the way to meeting its target of doubling its yearly vehicle sales in China to two million units per year sooner than its original 2018 target.
steelguru
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
17/10/2025
International Monetary Fund chief Kristalina Georgieva on Thursday urged member countries to keep trade as an engine of growth for the world economy despite President Donald Trump's steep new tariffs
Reuters
16/10/2025
The global economy is showing signs of a moderate slowdown after a first half of robust activity largely attributable to temporary factors - such as front-loading of trade and investment and inventor
Trade Arabia
16/10/2025
Global Islamic finance assets are projected to climb to $9.7 trillion by 2029, up from $5.98 trillion at the end of 2024, driven by expanding banking, sukuk, and takaful markets, a new analysis showe
Arab News
13/10/2025
Bitcoin's reaction to US President Donald Trump's recent announcement of 100% tariff on all imports from China illustrates how Bitcoin retains the reflexive behaviour of a free market instrument. I
Trade Arabia
10/10/2025
Global sukuk outstanding crossed $1 trillion by the end of the third quarter of 2025, representing a 15.5 percent year-on-year increase, driven by steady Islamic investor demand and issuers' diversif
Arab News
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