No overcapacity problems at Volkswagen – at least not globally, and especially not in China. “Within the coming years, we will build at least ten more plants – seven of those in China,” Volkswagen chief Martin Winterkorn said today in Wolfsburg, with Automobilwoche taking notes. By 2016, Volkswagen will have capacity for more than four million units in China, that’s about half of VW’s current worldwide output.
This year, Volkswagen will start production in Urumqi, Foshan and Ningbo. Two new component plants will open this year in Changchun. In 2014, the Tianjin transmission plant will follow. In addition, the supervisory board approved and additional Chinese plant for 300,000 units.
More factories go up in India (Scania), Russia, (MAN/ St. Petersburg, VW/Kaluga), and Mexico (Audi/ San Jose Chiapa.) Volkswagen has more than 100 plants worldwide, twelve of those in China.
Volkswagen wants to off-set a tanking European market by building cars in more promising regions. Assuming that Volkswagen can sell all those cars, world domination could be achieved within the decade.