Franchise News

Volkswagen Brand Sales Drop 2.6 Percent Compared To 4.4 Percent Overall Industry Increase In 1st Half Of 2015

| By

Sales of the Volkswagen brand have dropped 2.6 percent compared to the 4.4 percent overall automobile industry increase for the first half of 2015.

Despite this, the company sold approximately 5.04 million vehicles during the same period, making it the world's largest automaker.

The Germany-based car manufacturer surpassed Toyota as the industry leader. Toyota, on the other hand, sold 5.02 million vehicles for the first two quarters of fiscal year 2015.

"It's certainly bragging rights, and being able to communicate that they're the largest automaker in the world is a powerful statement," IHS Automotive analyst Tom Libby said, according to USA Today.

"It's certainly something they're going to promote."

Volkswagen workers recently asked the automotive company's leadership to focus on continuing to operate business successfully and not on power struggles between high-ranking officials, Agence France-Presse reports.

"We ask that the focus should return to the successful day-to-day running of the company and its 600,000 employees, rather than on debates that fill newspapers," the head of Volkswagen's general works committee Bernd Osterloh told Handelsblatt, according to the site.

"We will not participate in any further discussions about people and their positions," Osterloh added.

The referenced debate involves the ongoing dispute between Volkswagen supervisory board chief Ferdinand Piech and chief executive Martin Winterkorn.

Winterkorn was appointed as chief executive in 2007 and is slated to end his contract until the end of 2016.

Volkswagen was founded in 1937 in Wolfsburg, Germany.

© 2024 Franchise Herald. All rights reserved.

Franchise News

Real Time Analytics