VW Group may exceed 10 million sales this year

Article by Christian A., on March 14, 2014

Volkswagen Group may be able to top 10 million vehicle sales in 2014, four years earlier than planned, according to chief executive Martin Winterkorn. "With rising volume and new models, we will increasingly see positive earnings effects as well," he added. VW Group sold 9.72 million vehicles last year, closely followed by General Motors Co., which sold 9.71 million units.

Volkswagen is investing EUR84.2 billion ($117 billion) through 2018 as its bids to dethrone Toyota Motor Corp. as the largest carmaker in the world. VW said it will launch over 100 models in 2014 and 2015, including vehicles for the VW volume brand and the Audi and Porsche premium marques. VW is seeing better trimes as the Europe market begins to recover and auto sales in China continue to surge, even as economic growth is bound to slow down.

At the same time, vehicle demand has been weakening in emerging markets like Brazil, Russia and India. Volkswagen is also bidding increase sales of its main brand in the United States, where it lagged behind gains made by its rivals. New or revamped models that Volkswagen plans to launch through next year include a new version of the mid-sized VW Passat sedan, variants for the Audi A4 line and a restyled Audi Q7 SUV.

The carmaker is also planning to introduce the Porsche Macan and a plug-in hybrid version of the Porsche Cayenne. The carmaker said that its VW passenger-vehicle brand posted a 21-percent drop in profit in 2013 to EUR2.89 billion. On the other hand, Porsche saw its earnings almost tripled from EUR943 million to EUR2.58 billion.  Audi, however, logged a 6-percent drop in operating profit in 2013 to EUR5.03 billion. [source: Bloomberg]

Topics: vw, sales

If you liked the article, share on:

Comments

Recommended

When the Crown De Luxe saloon was first released in 1972, it was at that time the most lavish Toyota model available to British customers. Both unusual and exclusive, one...
by - February 27, 2017
The ride-sharing fleet of sharing Lyft Inc. will soon include thousands of specially fitted self-driving Chevrolet Bolt electric vehicles, courtesy of General Motors. If plans push through, Lyft’s clients would...
by - February 27, 2017
J.D. Power has officially released the 2017 Vehicle Dependability Study, an annual list of the most dependable brands in the auto industry. Once again coming on top is Lexus, the...
by - February 26, 2017
Citroen revealed that its entry to the Chinese market is moving forward with the planned release of the new generation C5. While still on sale on this part of the...
by - February 26, 2017
There is definitely a second-generation Super Series from McLaren. Even in camouflaged form, it is simply incredible. But while we still don’t have the full data on how truly dynamic...
by - February 25, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries