NEW YORK –Volkswagen AG sold about 500,000 cars in China last year, allowing the country to vault past the U.S. as its top overseas market. China is VW’s No.1 market for sales of models such as the Jetta. VW sold about 425,000 cars in the U.S. last year, including those under the Audi brand. Volker Steinwascher, a VW board member and chief of North American operations, says Chinese sales are growing at a 5%-10% annual rate. Steinwascher declines to reveal VW's margins in ...

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