VW Signals It Will Outsell GM in China Again This Year
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Volkswagen AG signaled the German automaker will outsell General Motors Co. and all other foreign carmakers in the world’s biggest auto market for a second-straight year.
VW expects China deliveries to rise at least 10 percent from last year’s record, pushing deliveries above 3.5 million vehicles, Chief Executive Officer Martin Winterkorn said in the run-up to the Beijing auto show, which opens to public on this week. Though he didn’t specifically refer to GM, which sold about 110,000 fewer vehicles than VW in China last year, the Detroit-based company said in February it would keep up with a market that’s poised to grow 8 percent to 10 percent.