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China becomes Volkswagen's biggest market worldwide
Shanghai. January 16 (Gasgoo.com) - German auto giant Volkswagen announced recently its sales in China mainland hit a record high of 910,491 vehicles in 2007, up 28 percent from 2006, Xinhua News Agency reported.
Volkwagen's sales in China (including Hong Kong and Macau) has exceed its sales in home market, which means China has become the largest market for Volkswagen worldwide, the report said.
VW China president Winfried Vahland said VW aims to sell one million vehicles in China in 2008. Currently, the German automaker holds 18 percent of Chinese passenger market.
Winfried Vahland also promised the Chinese government that all the major models produced by its two joint ventures, Shanghai VW and FAW-VW, will reduce fuel consumptions and tailpipe emissions by at least 20 percent by the end of 2010.
Globally Volkswagen's unit sales for 2007 rose 7.9 pct year-on-year to 6.189 million. In Germany, it sold 1.06 mln vehicles, down 4.8 pct year-on-year.
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