FAW-VW tightens grip on nation's luxury market

After reporting record quarterly sales of about 90,000 cars in China, German luxury carmaker Audi said it is confident it can consolidate the leading position it has held in the country's premium car market for the past two decades.

Dominique Boesch, president of the FAW-VW Audi Sales Division at Sino-German joint venture FAW Volkswagen, told China Daily that the company's determination to stay competitive is shown in the "strong and powerful product portfolio" it has brought to the ongoing Beijing Auto Show.

Audi is showcasing 22 models at the biennial exhibition in the capital city this year.