Auto news update : Motor Companies Focusing On Chinese Market
Volkswagen epxecting Chinese sales to rise by 10 to 15 percent
Volkswagen Group is looking for better results in China, the biggest market, to help them to surpass Toyota Motor Corp. as the world’s largest automaker in 2018. Wolfsburg, Germany-based automaker said Dec. 10 it planned global stocks rise to over seven million units this year for the first time. GM China President Kevin Wale Co. predicted last month automaker’s sales in China rise by as much as 15 percent.
Hyundai Motor Co. raised its sales forecast in China : Hyundai will be launching , latest Sonata midsize sedan in the country early next year to tap growing demand.Company is constructing a third plant in China to boost annual capacity by 400,000 vehicles to 1 million.
Ford returns U.S Minivan Market : After 4 years Ford Motor Co is returning back to U.S. minivan market.C-Max will be making his debut at Detroit Auto Show next month, price seems to start under $ 27,220. U.S. adds 11 million new households over the next decade, helping minivan sales to rise 52 percent in 2012,