Volkswagen AG needs to build five or six new plants worldwide to meet demand, the magazine said, citing Chief Executive Officer Matthias Mueller. The VW Group plans to sell 10 million and 11 million cars a year and production capacity is at a maximum 8 million, the magazine reported.
Mueller also said Porsche wants to sell 30,000 units a year on average of the new 911, compared with about 20,000 units last year when the old 911 came to the end of its life cycle.
To contact the reporter on this story: Ragnhild Kjetland in Frankfurt at rkjetland@bloomberg.net
To contact the editor responsible for this story: Vidya Root at vroot@bloomberg.net
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