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Volkswagen March vehicle sales up 9% in mainland, HK

Published: 14 Apr 2009 23:48:15 PST

Apr. 15, 2009 (China Knowledge) - Volkswagen AG, the world's third-largest automaker, said on Tuesday its vehicles sales in mainland China and Hong Kong hit a monthly record of 112,466 units last month, up 9% year on year from 103,204 units in 2008, Reuters reported.

The German automaker said in a statement that it sold 284,143 vehicles in the first quarter, representing a year-on-year growth of 5.94% from the previous year.

The company also revised its sales target for 2009 in the Chinese market and planned to increase its output capacity by 50,000 units.

Official statistics showed that China's passenger car sales hit monthly record of 772,400 units in March, up 10.26% from 2007, thanks to the government's stimulus plans, including tax-cut on small car purchases and subsidies for rural buyers.

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