On Air Now

Current Show

Coast to Coast AM   12:00 AM - 6:00 AM

Contact Coast to Coast AM at 1-800-825-5033

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 550 AM Wausau, WI 99.9 FM Stevens Point, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
50° Feels Like: 50°
Wind: ESE 8 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Thundershowers 64°

Tonight

Thundershowers 50°

Tomorrow

Isolated Thunderstorms 69°

Alerts

VW moving forward with Southeast Asia car plant plans

The logo of Volkswagen is pictured during a media preview day at the Frankfurt Motor Show (IAA) September 10, 2013. REUTERS/Pawel Kopczynski
The logo of Volkswagen is pictured during a media preview day at the Frankfurt Motor Show (IAA) September 10, 2013. REUTERS/Pawel Kopczynski

By Andreas Cremer and Jan Schwartz

FRANKFURT (Reuters) - Volkswagen is moving forward with plans to set up production in fast-growing Southeast Asian markets as the German carmaker expands its overseas footprint to boost its global ambitions.

"We will certainly become an active player in the region in the next years," Michael Macht, VW group production chief, told Reuters at the Frankfurt motor show on Wednesday.

"We are currently very actively on the road in these countries," Macht, who sits on VW's eight-member executive board, said in an interview. He declined to be more specific.

The Wolfsburg-based multi-brand automotive group, which still lacks a vehicle-assembly plant in the Association of Southeast Asian Nations (ASEAN) group of countries, has a goal of overtaking Toyota <7203.T> and General Motors to become the world's largest automaker no later than 2018.

The ASEAN group comprises Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Burma, Cambodia, Laos and Vietnam.

(Reporting by Andreas Cremer and Jan Schwartz; Editing by Marilyn Gerlach and Mark Potter)

Comments