UPDATE 2-Volkswagen aims for '03 China sales of 600,000 cars

Newswire

(Adds details on Gol sedan, background) SHANGHAI, Feb 28 (Reuters) - German automaker Volkswagen AG said on Friday it aims to sell 600,000 cars in China this year, a 17 percent leap from 2002, underscoring the rapid growth of the world's fastest growing major car market. Volkswagen, which controls about 40 percent of the China market, also said it aimed to make 30,000 to 40,000 of its low-priced Gol car this year, which analysts said was meant to safeguard market share as competition ...

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