VW car sales in China slump

4th January 2005, Comments 0 comments

4 January 2004 , BEIJING - Despite a booming Chinese automobile market, Volkswagen said on Tuesday it sold 5.6 percent fewer units in China last year. Officials of the German car maker blamed increased competition, and noted Volkswagen maintained its leadership role in the Chinese market. Combined sales at the two divisions of Volkswagen operating in China was 655,000 units in 2004, down from 694,000 the year before. Sales at the joint venture Shanghai Volkswagen were particularly hard hit, dropping 10 pe

4 January 2004  

BEIJING - Despite a booming Chinese automobile market, Volkswagen said on Tuesday it sold 5.6 percent fewer units in China last year.

Officials of the German car maker blamed increased competition, and noted Volkswagen maintained its leadership role in the Chinese market.

Combined sales at the two divisions of Volkswagen operating in China was 655,000 units in 2004, down from 694,000 the year before.

Sales at the joint venture Shanghai Volkswagen were particularly hard hit, dropping 10 percent to 355,000 units. Sales at the joint venture First Automotive Works rose by 2,000 units to 300,000.

Industry estimates place overall expansion of the automobile market in China at around 15 percent last year.

DPA

Subject: German news

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