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johnsyn

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johnsyn

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Tuesday, 04/16/2013 5:00:04 PM

Tuesday, April 16, 2013 5:00:04 PM

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10:28 AM German automakers Volkswagen (VLKAY.PK), Daimler (DDAIF.PK), and BMW (BAMXY.PK) plan to spend $25B by 2017 in order to expand production into areas outside of Europe. The goal of the companies is to escape their reliance on the European car market which is currently stuck in a state of malaise. Expanding capacity in North America and China are two of top priorities of the group

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