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Volkswagen may have passed Toyota to be the world's largest automaker in sales last quarter, because of higher demand in its main markets, Reuters reported Friday, citing partial company data.
Volkswagen, with its nine car and truck brands, increased sales in China, Germany and Brazil, which accounted for 44 percent of its total last year, the report said, without providing sales figures.
The automaker is said to be benefiting from economic stimulus plans that have boosted sales in several countries "making it more likely that it beat Toyota or at least came close," the report found.
In the first quarter of this year, Toyotas sales dropped 36 percent in the U.S., and 31 percent for its Toyota- brand cars in Japan, the report said. The U.S. and Japan which have been crippled by a deepening recession and credit crunch account for about half of Toyotas total sales.
FOXNews.com - Volkswagen May Be World's Largest Automaker - Auto
Volkswagen, with its nine car and truck brands, increased sales in China, Germany and Brazil, which accounted for 44 percent of its total last year, the report said, without providing sales figures.
The automaker is said to be benefiting from economic stimulus plans that have boosted sales in several countries "making it more likely that it beat Toyota or at least came close," the report found.
In the first quarter of this year, Toyotas sales dropped 36 percent in the U.S., and 31 percent for its Toyota- brand cars in Japan, the report said. The U.S. and Japan which have been crippled by a deepening recession and credit crunch account for about half of Toyotas total sales.
FOXNews.com - Volkswagen May Be World's Largest Automaker - Auto