VW set to beat GM for China sales crown

Volkswagen plans to invest 18.2 billion euros ($25 billion) through 2018 to expand in China. In the first 11 months of this year, the automaker boosted sales by 17 percent to 2.96 million vehicles, with its namesake brand accounting for almost 80 percent of the deliveries. (BLOOMBERG)

December 26, 2013 05:00 AM

SHANGHAI (Bloomberg) -- Volkswagen AG is poised to sell more vehicles in China than General Motors for the first time in nine years, regaining its place as the biggest foreign carmaker in the world's largest auto market.

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