The Star Early Edition

Chinese help boost VW sales

- Andreas Cremer

VOLKSWAGEN group sales probably rose to around 10.7million cars last year and kept the German behemoth ahead of Toyota as the world’s largest automaker, Bild am Sonntag reported, citing inhouse VW estimates.

Higher delivery figures across the group, which includes premium brands Audi and Porsche, helped drive revenue above €220 billion (R3.3 trillion) for the first time since the 2016 record of €217bn, the newspaper said.

A spokespers­on at Wolfsburg-based VW declined to comment on the report.

VW is due to publish official 2017 group sales data on January 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. – Reuters

 ?? PHOTO: BLOOMBERG ?? A VW T-Roc compact sport-utility vehicle (SUV) sits on display during the VW 2025 strategy update news conference at the carmaker’s headquarte­rs in Wolfsburg, Germany, in November 2017. VW’s main car brand pledged to speed up turnaround efforts and...
PHOTO: BLOOMBERG A VW T-Roc compact sport-utility vehicle (SUV) sits on display during the VW 2025 strategy update news conference at the carmaker’s headquarte­rs in Wolfsburg, Germany, in November 2017. VW’s main car brand pledged to speed up turnaround efforts and...

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