China is getting a whole lot of attention from Volkswagen. In fact, Prof. Dr. Martin Winterkorn, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, said that China is one of the most important markets in the world. Starting in 2010 in China , Volkswagen will begin production of the Passat CC, which will then be locally known as Magotan CC.
VW's Chinese partner FAW Group will be handling the production. Although the specs to the car have yet to be disclosed, a source who spoke to China Car Times said that it may be equipped with a 1.8 TSI or 2.0 TSI that would also be built in the Chinese factories.
The existing Passat CC has a price of $73,200 and is offered with a 3.6-liter engine and an all-wheel drive configuration. Currently, the Volkswagen Group is producing several models in China, namely: Polo, Lavida, Santana, Santana Vista, Passat New Lingyu, Touran, Golf, New Bora, Jetta, Sagitar and Magotan, as well as the Skoda Fabia, Octavia nd Superb and the Audi A4L and A6L.
VW will soon be bringing production of the A3 and the newly-released Skoda Yeti to China too. Winterkorn said that the VW Group has already positioned itself well in China and it also now has a broad product portfolio there as well.
The reason for VW's decision to move some of its production to China is because demand for its models has risen dramatically in recent years, making its capacities in China insufficient. Winterkorn said that the company's investment decision has laid the foundations for continuing the Group's success in China in the future.