volkswagen firsthalf sales up
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Volkswagen first-half sales up

Arab Today, arab today

Arab Today, arab today Volkswagen first-half sales up

Berlin - Arabstoday

Frankfurt Volkswagen, Europe’s biggest carmaker, reported accelerating first-half sales growth as Chinese and U.S. demand helped its premium Audi division and namesake VW brand. Deliveries in the first six months of 2012 rose 8.9 per cent to 4.5 million cars, vans and sport-utility vehicles, the Wolfsburg, Germany-based company said today in a statement. Sales rose 11 per cent in June to 798,500 vehicles. Group sales “developed very well in the first half of the year,” Christian Klingler, the company’s sales chief, said in the statement. “But that is by no means cause for euphoria. The economic situation, particularly in western Europe, remains tense and difficult.” Volkswagen has a target of overtaking General Motors Co. and Toyota Motor Corp. to become the world’s biggest carmaker by 2018. The German manufacturer’s first-half sales growth, helped by new versions of Audi’s A3 hatchback and VW’s mid-sized Passat, was dominated by increases of 18 per cent in the Asia- Pacific region and 22 per cent in North America.Sales in western Europe outside Germany fell 5.7 per cent. Including gains of 4.4 per cent in its home country and 27 per cent in the central and eastern part of the region, deliveries in Europe rose 1.8 per cent, Volkswagen said. Stock Declines Volkswagen fell as much as 1.1 per cent to 132.20 euros and was trading down 0.6 per cent at 11:48 a.m. in Frankfurt. The preferred shares have gained 15 per cent this year. China is now the largest national market for both the VW and Audi brands. Group sales gains at VW, which also owns mass- market carmakers Seat and Skoda as well as the high-end Bentley and Lamborghini marques, contrast with declines at European competitors including PSA Peugeot Citroen and Renault SA, which are more dependent on the region. Peugeot’s first-half deliveries fell 13 per cent. The Paris- based carmaker, Europe’s second-biggest, said yesterday that it plans to shutter a plant in France by 2014, the country’s first auto-factory closing in two decades, because it doesn’t expect the region’s market to pick up soon. Peugeot stock dropped to a 23-year low today amid investor concern that France’s government may intervene in the reorganization plans. Renault, based in the Paris suburb of Boulogne-Billancourt, reported a 3.3 per cent decline in first-half car sales. The drop prompted the automaker to scrap a target range for full-year delivery growth, though it’s sticking to a prediction that sales will rise thanks to gains outside Europe. The VW figures don’t include numbers from Porsche AG, the sports-car maker it’s taking full control of on Aug. 1. The brand reported a 14 per cent gain in first-half sales to 69,171 cars and SUVs, boosted by a 19 per cent jump in June, as a new version of the 911 model won customers.from gulfnews.com

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

volkswagen firsthalf sales up volkswagen firsthalf sales up

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

volkswagen firsthalf sales up volkswagen firsthalf sales up

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained 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 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday