VW sets March record despite troubled times

A loyal partner in China's automobile market for more than two decades, Volkswagen is setting new records despite the global downturn.

"My estimate is that Volkswagen's sales in China will overtake Germany this year," said Martin Winterkorn, CEO of Volkswagen AG, "China is our second home market."

Volkswagen Group China and its joint ventures Shanghai Volkswagen and FAW-Volkswagen for the first time broke the 100,000-unit barrier in a single month as sales grew 9 percent in March to 112,466 vehicles - its best monthly sales ever in China.