Germany’s Volkswagen (VOWG_p.DE) plans to launch a family of low cost budget cars in China and possibly elsewhere starting in 2018, its chief executive said in a newspaper interview on Sunday. “We will bring a budget-car family to market in 2018, with an SUV, saloon and hatchback,” Martin Winterkorn told Bild am Sonntag newspaper. Europe’s largest automaker had for years been pondering a budget car but difficulties in hitting internal cost targets had thwarted approval of the project.