Volkswagen’s vehicle sales in China reached 1.4 million last year, a growth of 37%, the Wall Street Journal reported. While VW’s main rival General Motors posted a 67% growth rate earlier this week, Volkswagen remains the largest passenger-vehicle maker in China, and surpassed Toyota‘s 21% growth in 2009. Winfried Vahland, the president and chief executive of Volkswagen Group China, stated that he expected the total Chinese auto market to grow at a rate of 10% to 15% in 2010. Foreign and domestic vehicle manufacturers all benefitted in 2009 from a Chinese incentive scheme that reduced the 10% purchase tax on small cars to 5%. The tax cut has been revised to 7.5% in 2010.
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