Home » NEWS » VW looking to boost sales in China

VW looking to boost sales in China

BEIJING — German automaker Volkswagen AG says it hopes to sell more than two million cars in 2010 in China and open four new plants there in the near future.

VW head of operations in China, Winfried Vahland, told German news agency DAPD late yesterday that he expects sales revenue to increase by 20 percent this year. The Chinese operations sent €700 million ($837 million) in profit to its parent company, Europe’s biggest automaker by sales, in 2009, he said.

VW in China sold 1.4 million cars at a total amount of €20 billion in 2009.

Volkswagen has said recently it wants to sell more than 10 million vehicles annually by 2018 as it pursues current world No. 1 carmaker Toyota.

Volkswagen’s brands include Audi, Seat, Bentley and Skoda.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

Leave a Reply

Your email address will not be published. Required fields are marked *

*