BERLIN (Reuters) – Volkswagen is planning a significant investment in a joint venture in China for software production, sources with knowledge of the matter said on Thursday.
An official announcement is expected next week, one person close to negotiations said. A second source said the investment would be above 1 billion euros ($990.60 million).
Volkswagen declined to comment.
($1 = 1.0095 euros)
(Reporting by Jan Schwartz, Writing by Victoria Waldersee, Editing by Miranda Murray)