Volkswagen to develop two new SUVs

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Volkswagen AG (Xetra: VW), a Germany-based automaker, is planning to develop two new Sports Utility Vehicles.

The new models include a vehicle smaller than the current Tiguan, and a seven-seater to sit just above the Tiguan.

The automaker has not revealed when the vehicles will be launched, but it aims to sell 800,000 in the United States by 2018.

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