VW on track to unseat GM as largest foreign carmaker in China

Article by Anita Panait, on December 30, 2013

Volkswagen is poised to once again become the largest foreign carmaker in China this year, ousting General Motors. VW held the top spot for nine years. Both carmakers have already hit their targets to sell over 3 million vehicles in China in 2013. Volkswagen achieved the feat on Dec. 5 while GM topped the target a week later.

In the first 11 months of 2013, VW had been leading by around 70,000 vehicles against GM, after posting a 17-percent surge in sales to 2.96 million vehicles. Its namesake brand accounted for nearly 80 percent of the figure.

VW’s other brands include Skoda, Audi, Porsche, Bentley, Lamborghini and Seat. Jochem Heizmann, president and chief executive of VW’s China operations, told Bloomberg in November that they could have sold more if not for the capacity problems that the carmaker is currently experiencing.

That month, VW disclosed that it will spend EUR18.2 billion ($25 billion) through 2018 to expand its operations in China.

Volkswagen's Audi remains the top-selling luxury marque in China and is planning to sell the A3 compact sedan and a new A4 in 2014, according to John Zeng, managing director of market researcher LMC Automotive.

Rivalry in China is expected to stiffen in 2014 as top European and American carmakers have announced a combined $36 billion in investment in the country. "China is the big battleground," said Klaus Paur, head of automotive at Ipsos, adding that at the same time, “there's a risk of an over-dependence on the Chinese market.”

Topics: vw, china, gm, sales

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

In Japan, Toyota stays in the limelight by always cooking up something new for its famous 86 sports car. A colour orange Toyota 86 performance edition is one that’s hard...
by - December 4, 2016
Back in 2009, Nissan first introduced the Nissan Leaf, the company’s first all-electric vehicle. LEAF stands for Leading Environmentally-friendly Affordable Family car and this particular EV has been considered as...
by - December 3, 2016
In the minivan segment, the 2017 Chrysler Pacifica is already impressive in terms of fuel economy figures – as rated by the United States Environmental Protection Agency. In fact, the...
by - December 2, 2016
Having a blacked-out Bentley Mulsanne Speed is already menacing by itself but by naming it as the Bamford X, it became all the more imposing. This model was made by...
by - December 2, 2016
We have good news for those who are waiting for the latest version of the Mazda CX-5 compact crossover. It was just unveiled in November at the 2016 Los Angeles...
by - December 2, 2016
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