Volkswagen AG reached one of its major goals in 2013, selling more cars than any foreign automaker in China. In capturing the title, it outsold General Motors for the first time in eight years in China.
Volkswagen’s two joint ventures sold more than 3.19 million units for the year, the government-backed China Association of Automobile Manufacturers reported. The victory was narrow as GM sold 3.16 million units as sales of new vehicle topped 20 million units overall for the first time. VW’s victory in China also served to offset the company’s disappointment in the U.S. where its sales dropped.
The duel between GM and VW is expected to resume this year as both companies are expecting more growth in 2014. (more…)