VW would like to catch GM (NYSE: GM) and Toyota (NYSE: TM) has the largest car company in the world. It still has quite a way to go. It sold 5.1 million in cars and light trucks last year. China was a strong sport; the US was a weak one despite growth on a percentage basis.
VW reported
The Volkswagen Passenger Cars brand reported major gains on key growth markets. For the first time ever, more than 1.72 (1.51; +13.8 percent) million vehicles were delivered to customers in China (including Hong Kong) in 2011. Volkswagen handed over 324,400 (256,800; +26.3 percent) vehicles to customers in the United States, and in Russia deliveries totaled 118,000 (58,900) units, a surge of 100.4 percent compared with the prior year. Volkswagen also developed particularly well in India, where the brand reported a very substantial rise in deliveries to 76,100 (30,300; +151.0 percent) units.
Volkswagen Passenger Cars recorded a 16.6 percent overall increase in deliveries in the Asia / Pacific region during the past twelve months to 1.93 (1.65) million vehicles. In North America, Volkswagen grew deliveries to 496,700 (406,400; +22.2 percent) units and reported a 2.2 percent increase in South America, where 772,800 (756,500) vehicles were delivered. There was also a generally positive trend in deliveries in Europe, where the Volkswagen brand handed over 1.72 (1.55; +11.2 percent) million vehicles to customers, thus clearly outpacing the overall market (+3.6 percent).
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