Vw sales rose more than twice as fast as the worldwide auto market in October

Article by Christian A., on November 12, 2010

Volkswagen AG says that, last month, sales increased more than twice as fast as the worldwide auto market. Demand of Audi and VW models in China and the United States aided its bid to surpass Toyota Motor Corp. as the world’s biggest automaker.

On Friday, the Wolfsburg-based firm said in a statement that deliveries by the VW group, which includes the Seat, Bentley, Skoda and Lamborghini brands, rose 9.8 percent from a year earlier to a landmark 612,200 cars, light commercial vehicles and SUVs in October, surpassing the industry’s 4.5 percent sales gain.

VW aims for a second consecutive year of record deliveries as it adds about 70 models, including upgraded versions of existing vehicles.

On Sept. 30, VW’s sales chief Christian Klingler says that VW may reach its target of selling 10 million vehicles each year before the 2018 target date.

VW said Friday that 10-month deliveries increased 12 percent to 5.98 million vehicles. VW’s preferred shares increased as much as EUR1.35 or 1.2 percent to EUR111.95 and traded at EUR111.90 as of 12:32 CET in Frankfurt.

VW’s stock surged 71 percent in 2010, valuing the Company at EUR48.4 billion ($66 billion). [via autonews - sub. required]

Topics: vw, sales

If you liked the article, share on:

Comments

Recommended

A few months ago, Mercedes-Benz promised that they will be treating everyone to a “big surprise” during the Monterey Car Week. And true enough, many of us were stunned as...
by - August 19, 2017
McLaren has already shown some interest in electrifying their models. And initially, we thought that they will just use hybrid systems to use across their current lineup. Nevertheless, we have...
by - August 19, 2017
Fifty years after its glorious victory at the 24 Hours of Le Mans, Ford launches the 2018 Ford GT ’67 Heritage Edition at the 2017 Monterey Car Week. The red...
by - August 18, 2017
Hyundai has recently unveiled an unnamed pre-production model of its new fuel cell SUV. We don’t know what to call this model just yet, but sources say that this model...
by - August 18, 2017
This weekend at the 2017 Pebble Beach Concours d’Elegance, the BMW Z4 Concept will make its first public appearance. The good news is that we will finally have a real...
by - August 18, 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