Volkswagen Reports 17.7% Surge In 2011 China Sales

Sales at Volkswagen AG

and its China joint ventures surged 17.7% to 2.26 million vehicles in China in 2011. Sales of Volkswagen-brand cars climbed 13.8% to 1.72 million vehicles in China including Hong Kong. However, sales of Audi cars jumped 37% to 313,000 vehicles. Volkswagen shares gained 0.95% to $29.84 in after-hours trading.