Volkswagen is also investing around $12 billion to build electric vehicles in China. The VW brand, the biggest of Volkswagen’s 12 brands that include Audi , Porsche, Bentley and Lamborghini, expects to sell about 100,000 electric vehicles world-wide in 2020 and one million electric vehicles by 2025. Much of that demand growth will be driven by China, said Herbert Diess, VW brand chief executive. In October, VW brand car sales rose 12% to 27,732 vehicles, bucking the broader downward trend in U.S. new car sales. Corrections & AmplificationsIn October, VW brand car sales rose 12% to 27,732 vehicles.

Source: Wall Street Journal November 30, 2017 16:16 UTC