Volkswagen 2010 sales in China up 37 percent

Reading Time: < 1 minute

News like this to your inbox or phone?

Weekly summary to your inbox

Never miss and important news

Get Instant notification once the news is published.

Europe’s largest carmaker, Volkswagen AG, said Friday that it had sold 37 percent more vehicles on the Chinese mainland and Hong Kong in 2010, compared to sales in 2009.

- Advertisement -

With 1.92 million vehicles delivered to its customers last year, Volkswagen had performed beyond expectation in the past year, said the European automaker Friday in a statement.

The company also planned to invest 10.6 billion euros (about $13.8 billion) in China through 2015 to expand its production capacity and develop new products, said Karl-Thomas Neumann, president and chief executive of Volkswagen Group China, which operates car ventures with Chinese state auto groups SAIC Motor and FAW Group.

- Advertisement -

Neumann also said he expected significant sales in the country in the coming years and noted that the first Volkswagen electric cars would hit the roads in China in 2011.

Via: GlobalTimes.

- Advertisement -
- Advertisement -


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisement -