7.13FAW VW to expand network for 1-mln sales

FAW VW to expand network for 1-mln sales

 

http://autonews.gasgoo.com/auto-news/1011283/FAW-VW-to-expand-network-for-1-
mln-sales.html

 

Shanghai, July 13 (Gasgoo.com) After one year of preparation, FAW-Volkswagen
is set to kick off its sales network expansion for the goal of annual sales
of 1 million vehicles, China Business News reported today, citing the
company's sales executive.

 

FAW-Volkswagen Automotive Co., a Chinese venture of Volkswagen AG, has
officially launched its project of boosting annual sales to 1 million units
as part of the "2018 strategic plans" announced by Volkswagen Ag earlier
this year, said Hu Yong, general manager for FAW VW's sales company.

 

The joint venture sold 513,000 cars last year to become China's biggest
seller of passenger vehicles, and in the first half of this year, its sales
came to 314,000 units, rising by 18.3% from a year earlier, ranked second to
Shanghai VW, another Chinese venture of Volkswagen AG.

 

FAW-VW plans to expand its sales network to about 1,000 dealerships. The
company may introduce the third- generation Jetta car as early as the end of
the year. 

 

In late February this year, German auto giant Volkswagen AG announced its
plans to double its annual vehicle sales in China to 2 million units by 2018
and also to double its Chinese dealerships to 2,000 in the same period.

 

As the beginning of its 10-year China market strategy, Volkswagen said two
Chinese ventures Shanghai VW and FAW VW will produce at least 10 new models
in 2009-2010, and will launch four models each year by 2018.

 

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