Volkswagen thinks it can overtake Toyota as the #1 producer of cars in the world. Sounds impossible, but VW does gigantic business in China. If you go to Beijing, the streets are jammed with VW taxis and BMWs can be found everywhere.
Volkswagen sold 1.1% more cars in 2009 than it did in 2008, but saw China sales jump by 37%.
Volkswagen is traded on the German XETRA exchange (VOW.DE) as well as the U.S. over-the-counter market (VLKAF.PK).
More on this topic
(What's this?)
Top ten reasons you know China has a financial bubble on its hands
(naked capitalism, 3/24/10)
Capitalize on China’s Growth with these dividend stocks
(Dividend Growth Investor, 3/10/10)
China Joins Copenhagen: “Best Ways to Profit” (Hsu)
(Stock Gumshoe, 3/18/10)
Jim Chanos Is Wrong About Investing in China
(Investment U, 3/3/10)
Related Posts
- Home Inns still on a roll (11/12/08)
- Chinese real estate of a roll (08/03/09)
- Top China Plays (07/09/08)
- China builds 2nd fastest computer in the world (06/02/10)
- Money supply soars in China (12/10/09)
{ 0 comments… add one now }