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Winterkorn says VW will crack 7 million global sales in 2010


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Winterkorn says VW will crack 7 million global sales in 2010

Winterkorn: "The Volkswagen Group is benefiting disproportionately from the upswing in the most important car markets."

November 23, 2010 14:16 CET

HAMBURG, Germany (Reuters) -- Volkswagen AG expects to sell more than 7 million vehicles for the first time this year, the German carmaker's CEO said on Tuesday.

"The Volkswagen Group is benefiting disproportionately from the upswing in the most important car markets," Martin Winterkorn told Reuters.

VW Group, which includes the VW, Audi, Skoda, Seat, Bentley and Lamborghini brands, sold a record 6.29 million vehicles cars last year.

VW aims to dethrone Toyota Motor Corp as the world's top-selling automaker by 2018.

"This new delivery record is an important milestone for the implementation of our Strategy 2018," Winterkorn said, referring to the group's plan to sell more than 10 million cars by that year.

Read more: http://www.autonews.com/apps/pbcs.dll/article?AID=/20101123/ANE/311239978/1193#ixzz167Pzh0vo

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VW ON TRACK TO HIT 7 MILLION SALES FOR BEST EVER YEAR

By Andrew Ganz

The global recession might be driving buyers away from new car purchases in many markets, but Germany’s Volkswagen says that sales are at an all time high. The automaker says that sales of its brands, including Audi, Lamborghini, Bentley, Bugatti, Seat, Skoda and, of course, its namesake VW division, are set to top 7 million for the first time ever.

“The Volkswagen Group is benefiting disproportionately from the upswing in the most important car markets,” VW CEO Martin Winterkorn told Reuters.

The news is good for VW, which hopes to become the world’s largest automaker in just eight years.

“This new delivery record is an important milestone for the implementation of our Strategy 2018,” Winterkorn said

To do that, VW anticipates that it will need to sell more than 10 million vehicles in 2018, a feat that could be difficult unless VW acquires more brands or greatly increases its presence in China and North America.

LINK:

http://www.leftlanenews.com/vw-on-track-to-hit-7-million-sales-for-best-ever-year.html

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