Volkswagen names Skoda UK executive to head U.S. sales

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Volkswagen has named a UK-based executive of Czech subsidiary Skoda to replace its former head of U.S. sales whose departure was revealed at the weekend as the German automaker’s deliveries have plunged in world’s second-largest vehicle market. Duncan Movassaghi will begin the job on February 1, the automaker stated. He has been acting as managing […]

Volkswagen 2017 group sales increased to around 10.7 million cars: report

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Volkswagen group sales most likely increased to around 10.7 million cars in 2017 and kept the German automaker ahead of Toyota as the world’s largest automaker, Bild am Sonntag reported, pointing out in-house Volkswagen estimates. Higher delivery statistics throughout the group, which includes premium brands Audi and Porsche, helped drive income above 220 billion euros […]

PSA, Toyota lead car sales increase in Europe, helped by extra selling day

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European car sales increased 5.8 percent in November, assisted by an extra selling day as PSA Group and Toyota posted the greatest gains among the region’s significant automakers, industry data published on Thursday revealed. Registrations increased to 1.26 million cars last month in the European Union (EU) and European Free Trade Association (EFTA) nations, Brussels-based […]

Volkswagen brand revives further as cost cuts, new models boost revenues

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Cost cutting and new models including the Arteon fastback should continue to increase Volkswagen’s main car brand in the 4th quarter after it doubled core incomes in July-September, it stated on Monday. Experts see restoring the Volkswagen brand, which has long struggled with high personnel and development costs, as important to the group’s ability to […]

Volkswagen brand sales hit record on high demand in China and Americas

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Volkswagen on Friday reported the highest-ever September sales for its core name brand, with international registrations increasing 8 percent year-on-year to 593,700 vehicles. Nine-month deliveries of the automaker’s largest division by sales and income increased 2.7 percent to 4.49 million autos, with gains in China and the Americas balancing out a drop in western Europe, […]