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Industry: Email Alert RSS FeedChina could cool off, says Pischetsrieder.(News)(Volkswagen AG's Bernd Pischetsrieder on market activity)(Industry Overview)
Automotive News Europe, June, 2003 by Weernink, Wim Oude
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Byline: Wim Oude Weernink
For the first time the world's three major car markets - the USA, Europe and Japan - have declined simultaneously, said Volkswagen CEO Bernd Pischetsrieder.
But the Volkswagen group has an important offsetting factor - China, where it is the market leader.
"Our growth in China was 70 percent last year and we expect growth of 90 percent this year," said Pischetsrieder, a keynote speaker at the Automotive News Europe Congress.
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- 2007 utility vehicle buyer's guide: Side-By-Sides are popular; here's who ...
- Transmission considerations: beyond the manual gearbox
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- 100 + 10: America's oldest automotive magazine celebrates its 110th year ...
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