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Article: VW shines as its global rivals struggle.(NEWS)(Volkswagen AG's sales and market share rankings)(Financial report)(Company rankings)
- Article from:
- Automotive News
- Article date:
- September 21, 2009
- Author:
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Dave Guilford
Its main rivals for global automotive pre-eminence may be reeling, but Volkswagen AG is radiating confidence.
As CEO Martin Winterkorn pointed out at a press event here last week, VW made 1.4 billion euros (about $2.05 billion) in the first half of 2009 and gained 1.8 percent in global market share. That stands in sharp contrast to Toyota Motor Corp., which posted unaccustomed losses and shook up management, and General Motors Co., which is struggling to regain traction post-bankruptcy.
Volkswagen AG "is the most successful multibrand group in the automotive world, Winterkorn told the assembled throng of journalists.
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