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VW will pass GM for No. 2
Reports says VW will pass GM for No. 2
Posted Tuesday, Apr 7, 2009, 2:26 pm in Employee News
General Motors will be overtaken by Volkswagen AG this year and fall to the world’s third-largest automaker by production volume, market research firm R.L. Polk Germany said today and reported by Reuters.
Global production of passenger cars and light commercial vehicles is forecast to fall 19 percent, or 2 million units, to 52.8 million vehicles this year—the lowest output since 1998, Polk said in the story. GM will suffer a 31 percent drop in production this year, Polk said. VW will likely only see a slide of some 15 percent, thanks in part to its low exposure to the U.S. auto market, the story said.
Reuters reported that Polk expects global car output to increase again in 2010, with strong growth rates in the next two years that allow the market to achieve a record production level of more than 70 million vehicles in 2012. (Reuters/Automotive News)
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Rick
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