VW Group targets 10 million sales in 2014

14 Mar, 2014 10:32am Ray Hutton

VW Group could exceed 10 million new vehicles sale this year, says chairman and chief executive Martin Winterkorn

The VW Group has claimed it is on track to produce 10 million models in 2014, thus achieving part of the company’s 2018 plan four years ahead of schedule. The announcement was made by chairman and chief executive of VW, Martin Winterkorn.

Reviewing the Group’s results for 2013, Winterkorn revealed VW had delivered 9.73 million vehicles last year and that growth projections based on January and February (up 4.7 per cent) suggested that the 10 million mark would be exceeded in 2014.

The VW Group made a profit of €9.1 billion in 2013. It star performer was Audi, which produced 1.57 million cars and made an operating profit of €5 billion. Porsche, newly integrated with the VW Group, returned €2.6 billion from sales of 162,000 cars.

Winterkorn promised the introduction of 100 new models in 2014 and 2015 across the Volkswagen Group’s 12 brands (which extend from luxury cars makers Bugatti and Bentley to truck makers MAN and Scania). The more significant include a new VW Passat, due this autumn, and new versions of the Audi A4 and Q7.

A notable absentee from the Group’s line-up is a budget car along the lines of Renault’s Dacia. Winterkorn said, “This vehicle exists but we are still working on the financial aspects.”