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Volkswagen keeps sales target despite certification trouble

Volkswagen says it is sticking with its sales and profit targets for the year despite the difficulties getting new vehicles through emissions tests that made sales slump in September

AP Reported by: AP
Published on: October 30, 2018 13:00 IST
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Image Source : AP Volkswagen keeps sales target despite certification trouble

FRANKFURT, Germany (AP) — Volkswagen says it is sticking with its sales and profit targets for the year despite the difficulties getting new vehicles through emissions tests that made sales slump in September.

The Wolfsburg, Germany-headquartered automaker said Tuesday full-year deliveries would "moderately surpass" those from last year, when the company delivered 10.7 million cars and disputed the title of world's biggest automaker with the Renault-Nissan-Mitsubishi alliance. The alliance sold 10.6 million but said Volkswagen counted trucks as well.

Volkswagen reported it sold 8.1 million vehicles in the first nine months of 2018. Sales revenue rose 2.7 percent to 174.6 billion ($198.6 billion). Operating profit rose slightly to 13.3 billion euros but fell at luxury division Audi as the company struggled to get vehicles certified for new, more realistic emissions testing.

Disclaimer: This is unedited, unformatted feed from the Associated Press (AP) wire.
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