German automaker Volkswagen AG expects a slight growth in China's premium car segment this year despite a slide in broader market sales, a senior executive said.
FILE PHOTO: The logo of German carmaker Volkswagen is seen on a rim cap in a showroom of a Volkswagen car dealer in Brussels, Belgium July 9, 2020. REUTERS/Francois Lenoir
BEIJING - German automaker Volkswagen AG expects a slight growth in China’s premium car segment this year despite a slide in broader market sales, a senior executive said. Volkswagen Group’s China chief, Stephan Woellenstein, made the remarks to reporters in Beijing on Friday. In China, the world’s biggest auto market, Volkswagen has joint ventures with local partners including SAIC Motor (
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US-China: Pompeo dog photo has netizens asking if US is toying with ChinaA tweet by the US secretary of state has led to speculation over whether he is trying to send a message to the Chinese government
Read more »
U.S. to back nations that say China violated their South China Sea claimsU.S. Secretary of State Mike Pompeo said on Wednesday the United States will support countries that believe China has violated their maritime claims in the South China Sea but suggested it would do so through diplomatic rather than military means.
Read more »
China industrial output rises 4.8% year-on-year in June; retail sales, investment fallChina's industrial output rose 4.8% in June from a year earlier, data showed Thursday, expanding for the third straight month and offering some relief to an economy trying to regain its footing from the shock of the coronavirus outbreak earlier in the year.
Read more »
The world will make China 'pay a price' over coronavirus outbreak, Mike Pompeo says'I'm very confident that the world will look at China differently and engage with them fundamentally different than they did before this catastrophic disaster,' Pompeo said.
Read more »
Trump 'not interested' in talking to China about tradePresident Trump said China 'hit us with the plague' after their previous trade deal was signed.
Read more »
Gold steadies above $1,800 on rising virus fears, U.S.-China tensionsGold prices steadied on Wednesday to hold firm above the psychological level of $1,800, as worries over surging coronavirus cases and simmering U.S.-China tensions cemented demand for the safe-haven metal.
Read more »