Economics
VW Races With GM for 2013 China Crown as Toyota Struggles: Cars
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Volkswagen AG will vie with General Motors Co. for the sales crown among foreign automakers in China next year, gaining share as Japanese carmakers led by Toyota Motor Corp. struggle to recover amid a territorial dispute.
VW, whose luxury Audi sedans are popular with Chinese bureaucrats, hasn’t held the lead in the country since 2004 and will probably sell 2.7 million vehicles in the country next year to GM’s 2.65 million, helped by eight new or revamped models including the Santana, Golf, Skoda Octavia and Audi Q3, according to industry researcher JSC Automotive Consulting. GM’s new offerings include the Cadillac XTS and three Opel models.