The biggest European carmaker, Volkswagen, reported annualised sales growth of 14.5 percent in April and said on Friday it expected to sustain its momentum in the coming months. The group, which also owns brands like Audi, Lamborghini, Skoda and Seat, delivered a total of 690,000 vehicles in April, a statement said. "We have made a good start to the second quarter. We aim to maintain this momentum over the coming months," VW sales director Christian Klingler was quoted as saying. In the four months from January to the end of April, the VW group sold a total of 2.66 million vehicles worldwide for a gain of 13.9 percent. VW aims to become the world's biggest auto manufacturer by 2018 and is getting a boost from its established presence in China, now its biggest single market, and other emerging economies. In the first four months of the year, group sales in China were 19.5 percent stronger at 741,200 units, while an increase of 256.6 percent was reported in India, though to a more modest total of 37,200 vehicles. Sales were higher in all regions, the company said, and a breakdown by brands also showed better results for its ailing unit Seat in Germany and Italy. VW's commercial vehicles division posted growth of 31.1 percent in the four-month period, meanwhile. VW is starting a fresh push to merge its holdings in the heavy truck makers MAN and Scania with its own commercial vehicles brand to create a new global player in that sector.
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:22 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 14:17 2018 Thursday ,25 October
BP eyes entering several new Rosneft projectsGMT 12:08 2018 Saturday ,20 October
OPEC participants performed Vienna Agreement by 111%GMT 16:14 2018 Saturday ,06 October
Saudi Aramco IPO to go ahead by early 2021GMT 19:01 2018 Thursday ,04 October
LEAD S. Korean firms offer aid for quake-hit IndonesiaMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor