In an interview with a German magazine (the name of which we know nothing, as we learned via Autocar), Martin Winterkorn, CEO of Volkswagen, confirmed the release low-cost project taking months ruminating. The new low-cost car will be around €6000, will be produced in China and for China, and will arrive in showrooms in 2015.
Winterkorn says that in that price range sold 3 million cars a year in China, so justifies the effort in a product that “should not have the appearance of being cheap.” The car will be designed and partly developed in Germany, before giving his final touches and start production in China, which also have their own brand. Once seated in the Asian giant could reach India. Beyond there, it is expected to land in the West in the short term.
This new model, possibly a sedan, will be below the well-known Volkswagen Santana China, which is mounted on the same technical basis of the SEAT Toledo Skoda Rapid and current.
