Volkswagen Shanghai JV says to sell fewer cars in '04

Newswire

GUANGZHOU, China, Nov 23 (Reuters) - Volkswagen AG's Shanghai joint venture expects to sell about 360,000 cars to dealers this year, roughly 30-35,000 fewer than it moved last year, Stephan Woellenstein, deputy executive director for sales and marketing at Shanghai Volkswagen, said on Tuesday. Growth in China's car market has slowed dramatically this year as Beijing has taken steps to curb rampant economic growth. Analysts expect Chinese car sales to rise by just 10 to 20 percent this year ...

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