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 (Reuters) – German automaker Volkswagen AG (VOWG_p.DE) 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 (600104.SS), FAW Group [SASACJ.UL], and JAC (600418.SS).
Reporting by Yilei Sun and Brenda Goh; Editing by Himani Sarkar
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