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Volkswagen On Its Way To Become Global No. 1
Volkswagen also set aside a huge sum of money to see it overtake General Motors and Toyota within 2018. Recent reports say Volkswagen is all set to overtake Toyota which until recently was the world's No. 1 carmaker in terms of sales. Volkswagen's sales in 2011 are expected to grow by 13 per cent to 8.1 million vehicles.
The reigning No.1 carmaker General Motors on the other hand will see its sales grow by 8 per cent to 7.55 million, effectively taking second spot. Toyota on the other hand which has suffered a spate of misfortunes since the past two years is expected to see its sales drop by 9 per cent to 7.27 million vehicles. Hence Volkswagen will be No.1 seven years earlier than its own prediction.
Volkswagen's lead in terms of sales will be 40,000 units. The German carmaker is making a huge impact in the markets that currently matter the most. Volkswagen already has a huge presence in China and is increasing its profile in India by launching the low priced Up small car. With these markets emerging as the fastest growing markets, Volkswagen definitely can cement its spot on top of the global auto ladder.
The Volkswagen Group will soon open more plants and enter new markets. It is planning to increase annual production to 10 million units. Several new projects are already underway to push the group's sales across the globe. The fact that Volkswagen as a brand is still developing in the US, the world's second largest car market, means the German carmaker can push for a greater sales in North America.
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