Fast forward for VW in car sales league
By Li Fangfang | China Daily | Updated: 2014-01-15 07:19
China's vehicle market revived last year, surprising analysts with double-digit growth. The year also saw a reversal of fortunes for two global leaders, Li Fangfang reports from Detroit
As China's vehicle sales smashed through the 20 million-unit barrier in 2013, with 17 percent growth after two years of near-stagnancy, a tectonic shift took place with the toppling of the longtime industry sales leader.
Volkswagen AG, the largest vehicle producer in Europe - and the first to tap into the China market almost 30 years ago - regained the top spot in the nation's market from United States-based rival General Motors Co.
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