Reuters reported that Volkswagen AG is optimistic that its positive sales trend from the two previous quarters will continue in China, the world’s biggest auto market. Volkswagen plans to invest 4 billion euros ($4.49 billion) with its joint venture partners in China this year, while the expansion of its share of the sports utility vehicle and new energy vehicle markets will be a focus over the next several years. VW, whose China sales fell 3.4 percent last year to 3.5 million cars, has lagged in the country’s SUV boom with relatively few locally produced models. But it plans to change that with launches of 10 locally made VW-, Audi- and Skoda-badged SUV models in the years ahead.
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