Why Volkswagen (VLKAY) Stock Is Higher This Morning

NEW YORK (TheStreet) -- Shares of Volkswagen (VLKAY) are up 0.30% to $50.02 after it was reported that the automaker outsold General Motors (GM) in China in the first half of the year, keeping it on track to extend its reign as the best selling foreign car company there, Bloomberg reports.

VW's sales in China, including Hong Kong, were up 18% to over 1.8 million vehicles, the company said, GM sold 1.73 million units, up 11%.

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