Volkswagen, BMW Forecast Sales Growth as German Carmakers Lead Recovery – Global Car Market

Category Business, Sci/Tech | Thursday, March 11th, 2010

March 11 (Bloomberg) — Volkswagen AG plans a second consecutive record year for deliveries and BMW, helped by the new 5-Series sedan, aims for an increase in sales as China, Brazil and the U.S. propel a recovery in the global car market.

Volkswagen’s car, sport-utility vehicle and commercial-van sales rose 27 percent in the first two months of 2010, outpacing industry growth of 20 percent, Chief Executive Officer Martin Winterkorn said in Wolfsburg, Germany-based today. Munich-based Bayerische Motoren Werke AG said it intends to defend its position as luxury-car market leader as deliveries increase.

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