Posts Tagged ‘VW China sales’

Volkswagen Sees Income Fall in Second Quarter

German maker hit by restructuring costs, slow China sales.

by on Jul.29, 2015

VW's Martin Winterkorn confirmed that being the biggest seller doesn't make you most profitable as the maker's Q2 earnings fell 15.9%.

Being the biggest seller doesn’t bring a guarantee of big profits evidently as Volkswagen AG reported its earnings fell 15.9% during the second quarter of the year.

The fall to 2.73 billion euros from 3.25 billion euros from the same period is the result of 180 million euros in restructuring costs related to its MAN heavy truck unit and a drop in automotive sales in China, where the company is largest automaker.

Subscribe for Free!

“Our results for the first half of the year show that Volkswagen remains very well positioned in an increasingly difficult market environment and has a compelling product range”, said Martin Winterkorn, chairman of the Board of Management of Volkswagen AG, in Wolfsburg. “We are keeping a very close watch on global macroeconomic trends, especially where there are uncertainties such as in the Chinese, Brazilian and Russian markets.” (more…)

VW Shoots to Global Number One Sales Spot

But Toyota still could regain momentum during the second half of 2015.

by on Jul.28, 2015

VW CEO Martin Winterkorn wants Volkswagen to be the biggest automaker in the world and he's getting his wish through the first six months of 2015.

The auto industry may have a new sales leader, Volkswagen outselling Toyota during the first half of the year for the first time.

But how things will shake out the rest of the year is far from certain, especially as the world’s largest automotive market, China, shows signs of faltering after more than a decade of double-digit growth. VW is the largest player in the Chinese market and has been struggling to head off a slump there.

Global Sales News!

Toyota has its own problems. While it is gaining ground in China it has lost momentum in its home Japanese market. Overall, the maker saw sales dip 1.5% during the first six months of 2015 to 5.02 million vehicles. (more…)

VW, Ford Enjoy Strong March Sales in China

Automakers post double-digit jumps last month.

by on Apr.14, 2014

The Ford Mondeo is a strong seller in China. Ford's March sales were up 28%.

Volkswagen AG and Ford Motor Co. continued to post strong sales in China for March and the first quarter of 2014.

Ford China heads into the Beijing Auto Show with record monthly sales of 103,815 vehicles, a 28% increase over March 2013. It was the first time Ford China sales topped the 100,000 monthly sales mark for the first time. Excellent March performance brought first quarter sales up by 45%, compared to the same period last year, according to Ford.

Your Automotive Source!

“We’re pleased that China’s car buyers continue to choose Ford,” said John Lawler, chairman and CEO of Ford China. “Our strong sales momentum demonstrates the success of our accelerated China growth plan and puts Ford in a great position as we get ready to showcase our full product lineup at the Beijing Auto Show.” (more…)