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Volkswagen AG group is to set up Taiwan branch

TAIPEI -- Volkswagen AG, Europe's largest automaker,will set up a branch in Taiwan in 2015, as a first step to increase its presence on the island and in Asia, a company executive said Thursday.

“We aim to set up the national sales company Jan. 1, 2015,” said Weiming Soh, executive vice president of Volkswagen AG and president of the company's Commercial Operations for Greater China and ASEAN.

“But there's no time pressure,” he added in a video conference. Soh had planned to meet the press in Taiwan for the first time that day, but failed to make it due to a flight cancellation.

The company, which will serve as an importer, will be set up no later than April next year, he said, adding that everything is now “on track.”

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