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China becomes Volkswagen's fastest growing market in 2006
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Sales of Volkswagen vehicles soared 24.3
percent to 711,000 units in China in 2006(File Photo)
Photo
Gallery>>> | BEIJING, March 17
(Xinhua) -- Sales of Volkswagen vehicles soared 24.3 percent to 711,000 units in
China in 2006, allowing the country to become the German automaker's fastest
growing market in the world, said sources with Volkswagen China on Friday.
Second came South America and South Africa, with
sales both growing 14.9 percent last year, while sales rose 7.3 percent in
Germany.
The auto giant sold a record 5.73 million vehicles
around the world last year, up 9.4 percent, notching up profits of 4.4 billion
euros on a record turnover of 104.8 billion euros.
Volkswagen AG is the among the first foreign
automakers to set up factories in China. It is also one of the most successful
foreign automakers in the Chinese market.
Shanghai Volkswagen, established in 1985 as China's
first joint venture automaker, became the country's first carmaker with an
accumulated production of over three million units in 2005.
The Shanghai-based company and the Jilin-based FAW
Volkswagen sold 352,000 and 350,000 vehicles respectively last year, both among
the top three leaders in the passenger vehicle market.
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