Volkswagen AG said that it is expecting a 30% increase in its sales across China and Hong Kong markets. This statement came after the German manufacturer showed a 37% increase in the first nine months thanks to government stimulus measures, says Autonews.
Volkswagen sold 1.06 million vehicles in China and Hong Kong, up from 775,341 units a year earlier. “We surpassed the 1 million record sales landmark of last year already in middle of September. Based on our current figures we expect for the whole year a solid double-digit growth of more than 30 percent for the group,” said Winfried Vahland, president and chief executive of Volkswagen Group China.
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