Although many analysts suggest that the new car market will become increasingly turbulent over the next few months, German automaker Volkswagen remains bullish.
“There is no sign that demand is slowing,” VW board member Bernd Osterloh told reporters gathered in Hamburg, Germany, yesterday.
“If a crisis is coming, we’ll meet our sales volume target in 2018. If there is no crisis, we’ll reach this goal earlier,” Osterloh said. VW has set a goal of selling 10 million cars globally by 2018. Much of its sales goals hinge on continued growth in China. The automaker is on track to sell about 8 million cars in 2011.
Osterloh said that VW has had to add extra capacity to some of its facilities in order to keep up with demand.
But Osterloh says that VW will be safe should its predictions prove unrealistic. He said that the automaker could make necessary production adjustments for “volume declines in the two digit [percentage range].”
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1.’ Volkswagen sees no…’ view
