Volkswagen sees mild growth in China's premium car segment this year

Credit: REUTERS/ALY SONG

German automaker Volkswagen AG expects a slight growth in China's premium car segment this year despite a slide in broader market sales, a senior executive said.

BEIJING, July 17 (Reuters) - German automaker Volkswagen AG VOWG_p.DE expects a slight growth in China's premium car segment this year despite a slide in broader market sales, a senior executive said.

Volkswagen Group's China chief, Stephan Woellenstein, made the remarks to reporters in Beijing on Friday.

In China, the world's biggest auto market, Volkswagen has joint ventures with local partners including SAIC Motor 600104.SS, FAW Group SASACJ.UL, and JAC 600418.SS.

(Reporting by Yilei Sun and Brenda Goh; Editing by Himani Sarkar)

((Y.Sun@thomsonreuters.com; +86 10 66271262; Reuters Messaging: y.sun.thomsonreuters.com@reuters.net))

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