autoevolution
 

Volkswagen Set For Another Record Year

Following the most successful year in its history, Volkswagen wants to continue this year and to further expand its market position. During the group's annual press conference, which took place Thursday, strong first quarter and record figures are again forecasted for full year.

“Our new models, environmentally friendly technologies and modular toolkits are now laying the best possible foundations for profitable growth
”, said Prof. Dr. Martin Winterkorn, CEO of Volkswagen Aktiengesellschaft, on Thursday during the presentation of the Company’s 2010 financial results in Wolfsburg. “Our multibrand group has the technological expertise, the necessary financial strength and the right team. These allowed us to move into the fast lane in 2010 – and that is where we intend to stay in the current year.”

This year, the company has announced it wants to extend its e-mobility activities in 2011. Among other things, it plans to set up an E-mobility Campus in Wolfsburg, investing €80 million there in the coming years in order to gather the Group’s expertise in this field at headquarters. This highlights Volkswagen’s plans to be the leader from an ecological perspective.

For the first two months of the year, the company’s sales figures of about 1.2 million vehicles worldwide represent a 17.5 percent increase. “We are highly satisfied with our current business performance and expect a strong first quarter on all fronts”, said Winterkorn.

For the whole year, the Board of Management is predicting a further improvement in deliveries, sales revenue and operating profit, which means that the company will once again achieve record figures.

“Our brands already offer mobility solutions to meet every need and in every vehicle class, all around the globe. This diversity is our strength. In addition, we will systematically extend our technological leadership”, stated Winterkorn regarding the medium to long term outlook.
If you liked the article, please follow us:  Google News icon Google News Youtube Instagram X (Twitter)
About the author: Mihnea Radu
Mihnea Radu profile photo

Mihnea's favorite cars have already been built, the so-called modern classics from the '80s and '90s. He also loves local car culture from all over the world, so don't be surprised to see him getting excited about weird Japanese imports, low-rider VWs out of Germany, replicas from Russia or LS swaps down in Florida.
Full profile

 

Would you like AUTOEVOLUTION to send you notifications?

You will only receive our top stories