VW still expects to reach sales goals, expected to report Q3 profit
10/22/2008, 9:11 AM
By Andrew Ganz
Despite hardships encountered throughout the auto industry this season, Volkswagen has remained a relative bright spot, according to company CEO Martin Winterkorn. Speaking to Tennessee civic and business leaders gatheredin Germany to discuss Volkswagen’s upcoming Chattanooga, Tennessee, assembly plant, Winterkorn stated that his company expects to sell more cars in 2008 than it did in 2007.
Volkswagen moved 6.2 million units in 2007, a 4 percent increase from the year before, and the automaker expects to improve upon that figure by the end of 2008. Volkswagen’s sales figures include VW, Audi, Lamborghini, Bentley, Bugatti, Seat and Skoda.
“The world economy is going through tough times,” Martin Winterkorn told the Associated Press earlier today. “We don’t know the full impact on our business yet, but VW is doing better than the competition so far.”
However, echoing sentiments shared across the industry, Winterkorn added, “2009 will be difficult for the entire industry.”
10/22, 12:15 PM
posted by:
A4
yeah bugattis sales figures obviously went heavily into that 6.2 million units
good for you VW
now blow it out your ass porsche
10/22, 5:56 PM
posted by:
olds307
Just shows how dumb auto buyers are….. sales of GOOD cars are falling, and sales of (historically) JUNK cars are increasing. IDK if the new ones are better, but that’s been the mantra for a long time.
10/23, 9:12 PM
posted by:
The Stig
VW is in for tougher times ahead when the domestics bring something competitive to market.