As demand continues to increase in all markets, the global deliveries of Volkswagen AG for the first six months of this year exceeded 4 million SUVs and cars for the first time, the company disclosed. Sales of the company’s main brand increased 12 percent in the first half of the year to more than 2.5 million units, the company’s CEO Martin Winterkorn revealed.
The company intends to release the details of the sales of its bestselling brand tomorrow while deliveries by Lamborghini, Bentley, Audi and the rest of the group are to be revealed on July 15.
Winterkorn disclosed that the company will remain on the accelerator in all markets as well as vehicle segments. He also forecasted "good" first-half results. The company aims to outperform Toyota Motor Corp. and be the largest vehicle manufacturer in the world by 2018.
It is banking on its growth in China, India, Russia and Brazil to achieve this target. The company has predicted that international sales will be up 5 percent this 2011 after posting a record 7.2 million deliveries of cars, vans and SUVs in 2010.
The company stated last month that it will expand production of its Tiguan compact SUV and Golf hatchback in the third quarter at its main factory in Wolfsburg to meet strong demand.
It will also maintain reduced-shift production during its employees’ three-week summer vacation at two German plants as well as add several weekend shifts after the summer break.
The company intends to invest 51.6 billion euros ($72.3 billion) in its automotive business for the next five years. An additional 10.6 billion euros will be spent through its two Chinese joint ventures in China, which is the biggest vehicle market in the world. Moreover, the company will employ more than 50,000 people through 2018 in order to increase sales to at least 10 million vehicles.