Photo: Volkswagen
Volkswagen has some big plans in Asia, the company being set on ranking above General Motors on the China automobile market. It appears that the brand did pretty well this year, in the first 11 months VW’s sales going up by 17%. With this, they managed to almost reach their target of 3 million vehicles per annum with time to spare – 2.96 million vehicles, with almost 80% of them being VW-branded cars.
Even so, competition is pretty tough as the guys from General Motors managed to surpass the same target a week later. This doesn’t seem to scare the German automaker as Volkswagen plans to invest $25 billion locally through 2018. In the same way, General Motors plans to expand in China. If we were to combine the investment of the two giants, it will lead to an incredible $36 billion.
According to said Klaus Paur, Shanghai-based global head of automotive at market researcher Ipsos, China is a battleground and there is going to be war between the two companies.
Source: Autonews.com
According to said Klaus Paur, Shanghai-based global head of automotive at market researcher Ipsos, China is a battleground and there is going to be war between the two companies.
Source: Autonews.com
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