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Volkswagen plans to overtake Toyota as world's largest by 2015

According to Kern, VW plans to bring 12 new models to its lineup in the next three years, a level unprecedented by any large carmaker. Kern was also quoted in German magazine Auto Motor Und Sport as saying "we are going to expand our presence in the United States, Russia, India and other markets."

Frankfurt 2007: VW gets it up!

UPDATE: Press release added after the jump.