VW boosts production in key markets in North America and China
1st half 2013 sales climb to 4.8 million units
Summary
Volkswagen (VW) Group aims to increase its annual sales volume to ten million vehicles by 2018 as its mid-term goal and actively made investments to attain the target. The global sales volume for the January to June 2013 period increased by 5.4% year-over-year to 4.8 million units. VW places China and North America as its most important markets.
LMC Automotive forecasts light vehicle sales of Volkswagen in 2013 to increase by 1.8% to 9.0 million units. Volkswagen continues to expand its unit sales to 9.6 million in 2014, a 6.7% increase. From 2014, Volkswagen Group "should see a more robust global expansion...momentum coming from both Asia and North America."
Related Reports:
US Market: Continued growth spurs investment (Jun. 2013)
Shanghai Motor Show 2013:
VW: 11 models including CrossBlue Coupe (premiered) and Audi A3 sedan (Jun. 2013)
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