16 July 2019

Volkswagen to beat GM in China sales, Bloomberg says

Volkswagen A.G. is set to sell more vehicles in China than General Motors Co. for the first time in nine years, regaining its place as the biggest foreign carmaker in the world’s largest auto market, Bloomberg News reported Thursday. Both companies have surpassed their targets to deliver more than three million vehicles in China this year, with Volkswagen crossing the mark on Dec. 5 and GM a week later, the report said. Competition is likely to intensify among top European and American carmakers, which have announced a combined US$36 billion in investment in China, despite measures to restrict vehicle sales by some cities to cut pollution, it added.

– Contact HKEJ at [email protected]



EJI Weekly Newsletter

Please click here to unsubscribe