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

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Oil gains 1% on hopes of firmer demand
JPMorgan investors weigh CEO Dimon’s strategy, succession plan
Muhibbah rides on Cambodian tourism uptick
Feytech gears up for expansion to meet growing demand
Ready to rise up the ranks again
SC working overtime to combat spread of scams
Russia and Malaysia sign tax agreement
MGB ACHIEVES 23% PROFIT SURGE IN 1Q24
GDP up 4.2% in 1Q24
Chinese firms invest in ‘green’ jet fuel

Others Also Read