VW 2017 group sales beats Toyota to be world's largest automaker


German automakers Volkswagen AG, Daimler AG and BMW AG build vehicles at plants in the United States

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

Higher delivery figures across the group, which includes premium brands Audi and Porsche, helped drive revenue above 220 billion euros ($264.62 billion) for the first time ever after the 2016 record of 217 billion euros, the newspaper said on Sunday.

A spokesman at Wolfsburg-based VW declined 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.

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

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

UWC in RM384mil new share offering
Potential upside for YTL Power
Insights Analytics bags RM14.44mil Suai water contract
Willowglen bags RM17.8mil MRT contract
CIMB weighing selling its Philippine ops
SLGC targets more jobs fresh on the heels of its ACE Market listing
Vietnam’s LNG power plans face massive delays
Kerjaya Prospek set for stronger 3Q showing
Axiata CEO Nik Rizal appointed to GSMA board
Central bank set to flag 2% inflation milestone

Others Also Read