March 13, 2008 / 11:13 AM / 9 years ago

VW mulls building 100,000-150,000 cars in U.S.

WOLFSBURG, Germany (Reuters) - Volkswagen (VOWG.DE), the world's fourth-largest carmaker, confirmed widespread speculation that it was concentrating its search for a new North American plant in the United States.

"Initially we plan an annual capacity of 100,000-150,000 vehicles," VW production boss Jochem Heizmann said.

Volkswagen said it had hedged its foreign exchange risks to varying degrees into 2012.

Reporting by Christiaan Hetzner

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