VW focusing on 10M income in 2014

Switzerland Auto Show

Volkswagen Group believes it can promote over 10 million cars in 2014, with hopes of overtaking Toyota as the world’;s largest automaker in the method. If VW can do it, it would meet that objective 4 many years earlier than planned. Of program, Toyota isn’;t sitting even now – it also hopes to best the 10 million-automobile threshold this year and has the benefit of currently holding the prime spot.

“With rising volume and new models, we will increasingly see positive earnings results as well,” said VW Group CEO Martin Winterkorn in the course of its annual press conference, in accordance to Automotive Information. The organization is spending enormous quantities of money to propel it to the leading, investing 84.2 billion euros ($ 117 billion) via 2018, and according to AN it programs to introduce in excess of 100 new models worldwide between all of its brand names by the end of subsequent yr.

The German automaker may get an added increase as the European vehicle industry displays indicators of emerging from its yearlong stagnation and China continues to develop. In January, VW Group was up 8.5 percent in Europe and 15.5 % in China, in accordance to its very own figures. Nonetheless, the US has been slowing with Volkswagen brand income down 19.04 percent in January and down 13.81 % in February.

VW Group sold 9.73 million vehicles in 2013, which barely topped Common Motors with 9.71 million. That contains the German’;s heavy truck income an earlier report showed that the business had sold 9.5 million light cars final yr. Toyota predicts it is going to sell 10.32 million vehicles in 2014, up 4 percent. If either VW or Toyota hits its objectives, it would mark the first time ever than any automaker has offered 10 million versions in 12 months.

We have reached out to VW for comment and are awaiting a reply. We’;ll update this submit if and when we hear back.

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