VW - world's largest automaker
Posted on 07 January, 2018
Bild am Sonntag, a well-known German newspaper, has reported that Volkswagen Group's vehicle sales rose to around 10.7 million last year, putting them ahead of Toyota to become the world's largest automaker.
Citing in-house Volkswagen estimates, Bild am Sonntag
, reported that higher delivery figures helped drive revenue above US$265 billion, a significant achievement after last year's record of US$260 billion.
VW is due to publish official 2017 group sales data on Jan. 17 and will release core financial results in late February.
In 2016, the first full year after VW's emissions test-cheating scandal, group sales rose 3.8 percent to a record 10.3 million cars, helped by a double-digit increase in China and gains in Europe.
Toyota relinquished its four-year title as the world's top-selling automaker to Volkswagen last year. This was the first time the German company held the title. Toyota said in December that it expects to sell 10.35 million cars worldwide in 2017 across its Toyota, Lexus, Daihatsu and Hino brands, up 2 per cent from 2016, and 10.5 million in 2018.