Volkswagen records the highest sales in 2017

German car maker Volkswagen has beaten Toyota as the largest automaker across the globe, with the total sales figure of 2017 reaching around 10.74 million units, a 4.3 percent increase from the sales in 2016.

The final figure is expected to be released at the end of January or early February.

VW’s Chief Executive Officer Matthias Mueller expressed his gratitude in an official statement. He thanked customers for being loyal and trusting the Wolfsburg-based company, despite the emission scandal that broke in September 2015.

Many were shocked the US Environmental Protection Agency (EPA) discovered that VW cars being sold in America had a “cheating device” that could help improve the test result. In November 2015, VW stated that it spotted”irregularities” during the test to measure carbon dioxide emissions level that could have an impact on around 800,000 cars sold in Europa. In the following month, the further investigation revealed that this only affected 36,000 of the vehicles it manufactures every year.

December’s sales and strong performance in China

Several factors helped to drive VW’s sales last year, including robust sales figure in new SUVs, VW Tiguan, as well as Skoda Kodiaq. Also, sales in China saw a 5 percent rise to over million units. A significant increase in sales figure was recorded in the US, Brazil, and Russia.

December’s sales jumped by 8.5 percent, contributing to VW’s sales record in 2017. The outstanding sales achievement contributed to the company’s revenue, after losing over $ 20 million on penalties and fines due to the embarrassing emission scandal.

Electric vehicles to be launched in India

VW is now studying the latest development of electric cars in India and is preparing to launch its products if the market in the country is ready. The company shows a commitment to investing in new generation electric cars from 2020, as the spokesperson said. News Wire & Equity Research: +31 084-0032-842

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