VW expands Bay Area lab as it goes green
Volkswagen AG CEO Martin Winterkorn touted his company's efforts Monday to grow to be the world's biggest car maker, including an expansion of its new car lab in the Bay Area.
"We want to take Volkswagen to the top of the industry by 2018," Volkswagen CEO Martin Winterkorn told reporters at the company's Electronics Research Laboratory in Palo Alto.
The visit was timed to mark the launch of VW's sixth-generation Jetta, which will be available as a hybrid in 2012 and an all-electric vehicle in 2013.
VW's lab, meanwhile, is reportedly moving from 40,000 square feet in Palo Alto to 157,000 square feet in Belmont. That is expected to grow the team of engineers and scientists working there from 40 to as many as 100 in the future.
Read more in the Silicon Valley/San Jose Business Journal.
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