China now biggest market for VW-owned Czech brand

Inspired by its strong performance over the past five years, Volkswagen Group's Czech unit Skoda aims to more than double its China sales over the next five years, Skoda Chairman Winfried Vahland said in an interview last week.

Vahland said the company expects to hike annual sales in China to 500,000 by 2016 from 220,000 units in 2011.