Volkswagen and GM doing well in China

Volkswagen and GM doing well in China

Volkswagen AG is already the largest overseas automaker in the Chinese market and they continue to perform well.

The company said in a statement that sales in the region were up by around 30 percent in the first six months of the year.

Volkswagen has benefited from increased demand for new models including the Sagitar sedan.

VW reported that it sold 345,375 locally made and imported cars to Chinese consumers in the first half of the current year.

General Motors too reported improvement in their sales in China. The company said that their sales to the dealers rose 47 percent to 453,832 units. They however declined to reveal figures of cars sold to the end consumers.

Volkswagen’s China Chief Executive Officer Winfried Vahland spoke to the media about the company’s performance in the region: “The increase in sales is the direct result of Volkswagen’s restructuring strategy. Further positive results are expected from the recently introduced Polo model and from another new model.”