Volkswagen group ready to overtake Toyota
By Andrew C., 30 Aug, 2010. 0 Comments
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It was reported recently that Volkswagen group is gaining ground and is ready to overtake Toyota as the largest carmaker in the world. Initial reports for the first quarter of this current year show that the nine car and truck brands of VW Group could outsell the total might of Toyota Motor Corp, which consists of Toyota, Lexus, Daihatsu and Hino. The Japanese giant carmaker lost heavily from the poor performance of its core markets they were down by 24 percent in the first quarter of 2009 year-on-year, with the US branch down by 38 percent but VW's main markets remained afloat in contrast. 44 percent of the VW Group's total sales came from China, Germany and Brazil, and each of these countries has succeeded in introducing government-sponsored strategies to increase the sale of new cars in those regions. A prediction of 47 percent drop in its global markets was predicted by Toyota for the first quarter sales representing 1.23 million units. Now, even with the 10 percent decline predicted by VW happens, the sales output of VW for the first three months of this year would still be in excess of 1.4 million units, quickly surpassing the figures for Toyota. [source autocar]
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