Vw expects worldwide car sales to remain at 2009 levels next year
By Andrew C., 26 Aug, 2010. 0 Comments
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Volkswagen AG predicts that global car markets will stagnate next year; hence it is calling its entire staff to push the company from its position as third-largest automaker and aim to surpass the leaders. At a works council meeting at its Wolfsburg headquarters, Francisco Garcia Sanz said that in the current planning for 2010, the company is assuming a similar sales volume level for the overall passenger-car market as in 2009. In fact, group sales for the first six months of 2009 at Volkswagen, Europe's biggest carmaker, trailed Toyota Motor Corp. and General Motors Co. by less than 500,000 cars. Meanwhile, it appears that VW is moving to strike a wage deal with more than 90,000 staff in six western German plants. A union spokesman said that its goal is to "negotiate a result" this Monday. At the works council meeting in Wolfsburg, while union boss Bernd Osterloh considered VW's current pay offer as "not bad," he still called for improvements. VW has accepted union IG Metall's demand for a 4.2% pay hike but prefers to pay a portion of it only after seven months due to the economic conditions.
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