Market & Industry
More VW luxury car brands coming to China next year
VW sold 1.6 million vehicles in China in the first ten months and is set to complete its sales target of 2 millions for this year. Mr. Sou revealed, adding that the German automaker will introduce more of its luxury car brands to China and will certainly bring in the VW R-Series next year.
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Great Wall Motor invests $753 mln in new technical center Nov. 24 , 2010
Jeep Patriot to enter Chinese market in mid-2011Nov. 23 , 2010
China's luxury car sales will grow 70% in 2010, FAW-VW says
"In recent years, the luxury car segment in China has been growing more than twice as fast as the other segments. If everything goes well, sales of luxury cars should approach 700,000 units in 2010, a year-on-year increase of 70%," said Zhang Xiaojun, executive vice-president of FAW-VW Audi Sales Division. Meanwhile, JD Power & Associates predicted that luxury car sales in China will double by 2015.
Nov. 23 , 2010