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Ahead of the Pack: Despite Scandal, Volkswagen Group Remains World’s Largest Automaker, Beating Toyota

siliconreview Ahead of the Pack: Despite Scandal, Volkswagen Group Remains World’s Largest Automaker, Beating Toyota

Volkswagen group sales probably rose to around 10.7 million cars in 2017 and kept the German behemoth ahead of Toyota as the world’s largest automaker, Bild am Sonntag reported, citing in-house VW estimates.

Automotive News Europe indicates that the Volkswagen Group’s revenue rose to an all-time high of over 220 billion euros ($264 billion), slightly above the 217 billion euro ($259 billion) reported in 2016.

Higher delivery figures across the group, which includes premium brands Audi and Porsche, helped drive revenue above 220 billion euros, Bild am Sonntag added.

Bild am Sonntag is Germany’s national newspaper.

A VW spokesman declined to comment on the report. 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 “Dieselgate” 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, Automotive News Europe reported.

Toyota said last month it expected to sell 10.35 million cars worldwide in 2017 across its Toyota, Lexus, Daihatsu and Hino brands, up 2 percent from 2016, and 10.5 million this year, Reuters reported.

Volkswagen Group is a German multinational automotive manufacturing company headquartered in Wolfsburg, Lower Saxony, Germany. The Group sells passenger cars under the Audi, Bentley, Bugatti, Lamborghini, Porsche, SEAT, Skoda and Volkswagen marques; motorcycles under the Ducati brand; and commercial vehicles under the marques MAN, Scania, and Volkswagen Commercial Vehicles. 

 

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