Volkswagen pulls ahead of Toyota; on track to retain world's top carmaker spot

January 8, 2018
VW is due to publish detailed 2017 results on March 13.

The Volkswagen Group is likely to gain its world’s largest carmaker position in 2017, as it is making its lead over Toyota. The group that includes the marques such as Audi, SEAT and Porsche, predicts the global sales of 10.7 million cars in 2017.

VW deliveries also exceeded its 2016 record of 10.3 million vehicles, posting a surge 3.8 per cent on the previous year, compared to Toyota’s 10.2 million for the same period.

With this, it might put Volkswagen ahead of Toyota’s worldwide sales forecast of 10.35 million cars in 2017. VW is due to publish detailed 2017 results on March 13.

Cost cuts at the core passenger-cars division have caused the world’s largest automaker to raise its profit target for the year, and it has since also upgraded its mid-term profit and sales guidance.

On the other hand, the group believes the proposals by the European Commission for progressive cuts in carmakers’ average carbon dioxide emissions by 2025 and 2030 will cause a real pain.

Recently, the group announced its partnership with a Silicon Valley startup Aurora to develop a self-driving system within their vehicles.
Aurora and Volkswagen have confirmed that they had been working together over the past six months to integrate Aurora’s sensors, hardware and software into the German carmakers’ electric vehicles to develop self-driving ride services in cities.

Wolfsburg-based VW more than two years ago admitted to cheating in diesel emissions tests in the US. It has set aside about $30 billion to cover related fines and vehicle repairs and faces thousands of lawsuits worldwide.