VW Aims To Recapture Market Share In China

VW is to launch two new models in China, the Golf and the Polo, aimed at the fast-growing low-price vehicle segment. VW holds a 40 per cent share of the Chinese market, down from over 54 per cent two years ago. The company expects to sell 500,000 vehicles this year and hopes to double this figure by 2007 as the market continues to expand.