Volkswagen Beats out GM in China for Top Auto Sales in 2013

Wayne Ellis

[VW Tiguan]

Volkswagen Beats out GM in China for Top Auto Sales in 2013 (Bloomberg)

For the first time in nine years, Volkswagen AG will reign as the top foreign carmaker in China, surpassing General Motors in units sold. While both companies will deliver more than three million vehicles for the year, Volkswagen crossed that mark on Dec. 5, while GM did it a week later. Going into the final month of the year, the Germany-based carmaker held a lead of about 70,000 cars over its U.S.-based competition. Even though China is looking toward establishing new laws to help cut down on pollution, the country still is set up as the key battleground for global sales domination. Industrywide, total sales for vehicles in 2013 are expected to hit 19.9 million units, putting the world’s second-largest economy on track to become the first country with more than 20 million units sold in a single year. And Volkswagen wants to maintain its leadership position here, already committing some $25 billion through 2018 to grow sales. We’ll see if this commitment turns into investor returns as well.

Exclusive  ByteDance, TikTok and Oracle Seek to Create an Unlikely Partnership 

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

The Mizuho Financial Group will face a significant shake-up of its management team in March, due to a loan scandal.

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

LEARN MORE HERE

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:

Product Details

LEARN MORE HERE

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

LEARN MORE HERE