Skoda wants to produce 500,000 cars in China in the future, says CEO Vahland

Article by Christian A., on November 21, 2010

Skoda CEO Winfried Vahland says the Company wants to produce 500,000 cars in China in the future. In 2009, Volkswagen AG's Czech subsidiary produced 131,779 cars in China.

In the first nine months of 2010, Skoda sold 568,990 vehicles. Vahland said earlier that Skoda expects to double its new-car sales to "at least" 1.5 million in 2020, driven by growth in India, China, and Russia.

Skoda sales outside Europe, as part of a 10-year international growth plan, will increase to make up half of Skoda's volume from the current 30 percent.

The Company calls the plan RS after the Czech words rust and strategie, which mean "growth strategy." Skoda also uses the initials RS for the range-topping versions of its cars. Skoda sales rose 1.4 percent to 684,226 in 2009.

The volume in 2010 is set to reach 750,000. In China alone, Skoda's sales grew 65 percent in the first nine months after more than doubling to 122,556 units in 2009.

Larger volumes at Skoda will greatly help VW reach its goal of 10 million annual sales by 2018, at which time it hopes to surpass Toyota Motor Corp. as the No. 1 global automaker. [via autonews - sub. required]

Topics: skoda, china, production, ceo

If you liked the article, share on:

Pin It

Comments

Recommended

Twenty-eight years after the company was first launched by Toyota, which was initially targeted to the United States market only, Lexus has already made its way to over 70 countries....
by - March 26, 2017
Last year was probably Porsche’s best year ever in terms of sales. Their factory in Stuttgart delivered 237,778 cars in total, which represents a six percent increase compared to the...
by - March 26, 2017
Lamborghini has disclosed that it is looking into the possibility of releasing electric vehicles. With the Volkswagen Group revealing that it will be releasing electric vehicles within several years, there...
by - March 25, 2017
Daimler AG, through its Smart division, has disclosed that its two electric models, the Smart ForTwo and the Smart ForFour are now open for orders in Germany. Official market launch...
by - March 25, 2017
Lamborghini has officially offered clear proof that the Huracán Performante was able to set a new record at the Nürburgring Nordschleife with a time of 6:52.01 It was in early...
by - March 25, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries