Volkswagen Expects Car Sales To Reach Record High In March
29 March 2011 - 1:53AM
Dow Jones News
German auto maker Volkswagen AG (VOW.XE) expects car sales to
hit record levels in March, sales chief Christian Klingler said on
the sidelines of a press conference Monday, a spokesman
confirmed.
Klingler didn't give any further details.
The company's car sales rose by more than 16% on the year in the
first two months to around 1.2 million vehicles, outpacing the
overall market's growth.
In 2010, the company posted record sales of about 7.2 million
vehicles, driven by rising demand in China, Brazil and the U.S.
This year sales are expected to increase at least 5%.
-By Nico Schmidt, Dow Jones Newswires; +49 69 29 725 500;
nico.schmidt@dowjones.com
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