Volkswagen unveils new SUV for Chinese market

Volkswagen unveiled two sport-utility vehicles for the Chinese market on Friday, the first in a planned wave of new models for a booming segment where it has lagged rivals.

VW's venture with SAIC Motor, China's largest automaker, took the wraps off the Teramont large SUV at the Guangzhou auto show, which opened Friday. Its venture with China FAW Group displayed a smaller C-Trek crossover SUV.

SUV sales have soared in China in recent years with consumers choosing larger cars as they grow wealthier. Sales in the segment are up 46 percent in January-October from the same period a year earlier.

Read more at Reuters.

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