General Motors sales in period January to June 2013 in China reached the 1.57 million mark as against Volkswagen sales which stood at 1.54 million vehicles in the same period, reveals CNBC. VW and GM were among the first automakers to enter Chinese markets when the country welcomed foreign investment in mid 1990s. A battle to the top commenced ever since.
China being a major market for these automakers, extensive expansion plans are afoot. General Motors is spending $11 billion till 2016 with five new assembly plants being planned while Volkswagen will be investing $12.5 billion and plans to augment production while 7 new vehicle and component plants are part of the company’s strategy.