CHINA: VW will not increase China-bound exports
Volkswagen will not be increasing exports to China in order to lessen inventory pressure at its European dealerships, according to brand management director Paul Hu, speaking at an event in Shanghai.
China Daily said recent media reports suggested VW would increase exports to China in order to take some pressure off its European dealerships whose sales barely increased this year. However, Hu denied the speculation.
He said the automaker decides its production and sales plans a year in advance and that, without any such plans in place, there is no way that it will suddenly order an increase in exports.
"China is not like a sponge that can take in water at any time," he commented. According to Hu, any notions to raise export volume would have to first take into consideration market conditions and product competitiveness.
In regards to VW's current export sales to China, Hu stated that the manufacturer has been able to sustain steady growth, which he attributes to rising sales in the western regions of the country. Sales of imported VWs in China from January to October were over 42% higher than they were a year ago. 57,000 VWs were exported to the country over the first three quarters of the year.
Hu said fewer new models would come to China in 2013 as in previous years. Instead, VW will launch over 15 limited and special edition models next year.
This QUBE report from just-auto provides a comprehensive overview of the global automotive turbocharger sector, major suppliers, top markets, technology trends and market size forecasts. Use this repo...
The media day for the Barcelona motor show was 9 May. Our preview list is now republished as an historic record of the vehicles which were global debuts....
Volkswagen Group luxury car unit Bentley is expanding in fast growing eastern Europe with its first dealership in Belarus....
Sales of new cars in Germany, Europe's biggest market, grew 3.8% to 284,400 vehicles last month compared with 273,900 in April 2012. It was the first increase for six months and the biggest since Dece...
Negotiating committees representing Volkswagen AG and the IG Metall trade union have started pay negotiations with a meeting in Hanover, home to the automaker's main commercial vehicles plant....
- Audi TDI tech is 25 years of age
- Swallowing Fiat-Chrysler 'would be bad for VW'
- VEHICLE ANALYSIS: BMW X4
- THE WEEK THAT WAS: Roasting in Kia's Mojave oven
- VEHICLE ANALYSIS: Driving the Swedish nanny state
- Sir Nick Scheele dies
- Volvo claims two safety firsts for XC90
- Rule change hits 'free charger' offers for EVs
- Nissan learns from India mistakes
- Opel Group formed within Adam Opel
- Tesla: The Californian start-up that made head way on the automotive giants
- Global light vehicle engine technologies market- forecasts to 2029
- New Cars: Top 5 Emerging Markets Industry Guide
- Jaguar Land Rover: Providing remarkable growth throughout the economic downturn
- Global electrified light vehicles market- forecasts to 2018