Log in to your IBTimes Account

close
ID
Password
  • Set your IBTimes.com Edition

VW says June unit sales up 6 pct



03 July 2009 @ 11:26 am ET

MUNICH - Volkswagen chief executive Martin Winterkorn said Europe's largest auto maker sold 6 percent more cars and transporters in June than in the same month a year earlier.

In the first six months of 2009 VW saw sales fall 5.1 percent compared with a year earlier, even as the global market contracted by 18 percent, Winterkorn said at the sidelines of an industry event in Munich on Friday.

Winterkorn sees the global market for passenger cars in 2009 at around 47 million units, about 12 million units below 2007 levels.

"Volkswagen is holding its course," Winterkorn said, adding that compared to its competitors, VW is holding its own.

Although this was no reason for euphoria it showed that VW was on the right path, Winterkorn said.

(Reporting by Jan Schwartz; writing by Edward Taylor)

Copyright 2009 Thomson Reuters. All rights reserved.

    Click!
  • Rate this article:

Comments

Post Your Comment

*Name


advertisement
More Industries
Johnson & Johnson plans to cut up to 7 percent of its workforce in order to generate cost savings needed to finance increasingly costly drug research and...
Belo Corp announced an offering of between $250-275 million of senior notes due in 2016. The notes were issued under a shelf registration filed with the ...
As the world economy begins its journey back, there are emerging market opportunities that were present before the collapse and still remain. The consume...

advertisement
Advertisement
POS Magnetic Card Readers

Online distributor for point of sale equipment, TYSSO and Pegasus.

 
IBTimes.com Web
Partners
International Business Times© 2009 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives