Home / Business / Auto Tools: Save | Print | E-mail | Most Read | Comment
VW may retake title from GM
Adjust font size:

Volkswagen AG may retake the title of China's biggest overseas auto maker from General Motors Corp this year as new models help the German company grow four times faster than its US rival.

Volkswagen started building five new or revamped models in the country in the first quarter. It plans to display another five at the Beijing Auto Show, which starts on Sunday. The tally includes three cars making global debuts, the most for any overseas exhibitor. GM, which started making four new models in China in the first quarter, plans to unveil one car at the show.

The Santana Vista, a new version of China's bestselling car, helped Volkswagen boost first-quarter sales 33 percent in the world's second-largest auto market. Competition from Volkswagen, Toyota Motor Corp and Ford Motor Co held sales growth to 7.4 percent for GM, which is counting on China as the US market shrinks.

"Volkswagen has a chance to surpass GM in total vehicle sales in China this year," Li Chunbo, an analyst with CITIC Securities Co in Beijing, told Bloomberg News. "GM is facing tremendous pressure in bringing the right model to China."

Volkswagen has accelerated the introduction of new models in China since 2005 when GM overtook the company.

(Shanghai Daily April 18, 2008)

Tools: Save | Print | E-mail | Most Read
Pet Name
China Archives
Related >>
- VW to take over former Fiat plant
- VW recalls 2,400 cars made in Shanghai
- Skoda to Play 'Key Role' for VW
- VW and Ford Report Strong Sales in 2006
Most Viewed >>
- Largest yet 'Canton Fair' opens
- China's exporters challenged amid US credit crisis
- China's economy grows 10.6% in 1st quarter
- China Eastern fined 1.5 million yuan, stripped of routes
- Direct investment abroad topped US$92 Bln by 2007

April 11-13 Boao Forum for Asia

May 15-17 Shanghai Women's Forum Asia

Dec. 12-13 Beijing
China-US Strategic Economic Dialogue

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?