Volkswagen sales may hit No. 1 worldwide this year
Chattanooga (Times Free Press) - Volkswagen AG, growing in emerging markets and the United States with the help of its new Chattanooga plant, will probably become the world's No. 1 carmaker this year, according to Bloomberg News.
The German company's sales, third among carmakers in 2010, will probably rise 13 percent to 8.1 million vehicles this year, based on the average of three analysts surveyed by Bloomberg. GM sales will gain about 8 percent to 7.55 million, while Toyota will drop 9 percent to 7.27 million, according to the survey.
VW sales in China may rise almost 20 percent in 2011 and more than double in India, according to estimates at researcher J.D. Power & Associates. That's a contrast to Toyota, which is suspending Southeast Asian plants because of floods in Thailand, months after an earthquake crippled production in Japan.
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