Volkswagen Sees Mild Growth In China’s Premium Car Segment This Year
In this article (5)
German automaker Volkswagen AG expects 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.
Volkswagen replaced Herbert Diess as chief executive of the VW brand on Monday and installed Chief Operating Officer Ralf Brandstaetter to lead cost-cutting efforts.
In China, the world’s biggest auto market, Volkswagen has joint ventures with local partners including SAIC Motor, FAW Group, and JAC.
Questions & Answers
Q.Which specific division of Volkswagen expects growth in China's premium car segment?
Which specific division of Volkswagen expects growth in China's premium car segment?
The senior executive quoted in the article is Stephan Woellenstein, the Volkswagen Group’s China chief, who expects slight growth for the group in the premium car segment.
Q.What is the broader market trend for car sales in China currently?
What is the broader market trend for car sales in China currently?
The article states that China's broader car market sales are experiencing a slide, despite Volkswagen's expectations for its premium segment.
Q.What significant leadership change recently occurred at the Volkswagen brand?
What significant leadership change recently occurred at the Volkswagen brand?
Herbert Diess was replaced as chief executive of the VW brand on Monday, with Chief Operating Officer Ralf Brandstaetter installed to lead cost-cutting efforts.
Q.Which Chinese companies are Volkswagen's partners in joint ventures?
Which Chinese companies are Volkswagen's partners in joint ventures?
Volkswagen has established joint ventures with local Chinese partners, including SAIC Motor, FAW Group, and JAC.
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