Although German auto giant Volkswagen is well on its way to meeting its goal of being the largest automaker in the world, until very recently, VW has struggled to gain a stronghold in the crucial U.S. auto market.
Now, according to VW CEO Jonathan Browning via Automotive News, Volkswagen is expected to post a profit on its sales operations in 2011 for the first time since 2003.
Furthermore, Browning predicts full profitability for the Volkswagen Group (including Audi) in the U.S. for 2012, including all costs.
So far in 2011 VW is reporting a sales bump of 24 percent, expecting to top 300,000 vehicles sold for the first time in eight years. VW also believes is it on track to hit its aggressive goal of 800,000 annual sales in the U.S. by 2018.
Worth noting, the redesigned-for-America Jetta has accounted for 150,046 of VW’s U.S. sales through October, a record for the nameplate and up 52 percent compared to the year prior.
References
1.’Browning: VW has…’ view
