Published on January 8th, 2011 | by Daniel Sherman Fernandez0
Volkswagen Sells Almost 2 Million Vehicles In China For 2010
Top European automaker Volkswagen AG sold 37 percent more vehicles in mainland China and Hong Kong last year and pledged to invest 10.6 billion euros ($13.8 billion) in the country through 2015. The investment is earmarked to expand Volkswagen’s production capacity and develop new products, it said.
Volkswagen, which operates car ventures with Chinese state auto groups SAIC Motor (600104.SS) and FAW Group,sold 1.92 million cars in mainland China and Hong Kong in 2010, up from 1.40 million a year earlier, it said Sales of Volkswagen brands rose 35 percent to 1.51 million units, with sales of Audi models up 43 percent to 227,938.