Volkswagen Group expects 7 million sales for 2010, plans to become world no.1 by 2018

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The VW Group, which was one of the rare automakers in the world to register growth even during the recession, plans to become the No.1 carmaker in the world by 2018. The company wants to sell 10 million (1 crore) units of passenger vehicles by the said year. The company expects to sell 7 million units for the current year. It’s notable that Toyota is currently the top carmaker in the world by volumes with 7.81 vehicles sold in the year 2009. VW had sold 6.29 million units for the same year.
Volkswagen AG CEO, Martin Winterkorn, told Reuters “The Volkswagen group is benefiting disproportionately from the upswing in the most important car markets.” VW Group is a huge conglomerate of auto companies that include VW, Skoda, Audi, Seat, Bentley, Bugatti and Lamborghini. The group also holds a 19% stake in Suzuki and has shown interest in buying Alfa Romeo and Ferrari as well. With a cash reserve of more than $25billion, the German group is capable of pulling out almost anything imaginable.
VW is on a expansion spree worldwide, and at the current pace, 2018 looks like a very pessimistic target for the German car giant. If we were Mr Winterkorn, we would probably cut down a few years to attain the target of becoming the World No.1