Volkswagen Brand Passenger Car Sales Surge 20% In August

Volkswagen AG VLKAY reported a 20% rise in its global brand passenger car sales in August. In the January to August period, Volkswagen's global brand car sales surged 12% to 3.72 million, while sales in China climbed 16% y/y to 1.32 million units in the same period. Volkswagen shares fell 0.91% to close at $32.75 yesterday.