VW eyes budget car cooperation with Great Wall: Manager Magazin

April 22, 2015 3:48 PM

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VW eyes budget car cooperation with Great Wall: Manager Magazin

BERLIN (Reuters) - German carmaker Volkswagen (VOWG_p.DE) is considering cooperating with China's Great Wall (601633.SS) on a new budget model, Germany's Manager Magazin reported on Wednesday, citing company sources.

Volkswagen's China chief Jochem Heizmann had said on Sunday the company was considering developing budget sport-utility vehicles (SUVs) and multi-purpose vehicles (MPVs) in China to keep up with shifts in the market.

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