Economy, Auto
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VW America Sales Fall 7%

VW America Sales Fall 7%
VW America Sales Fall 7%

Automaker Volkswagen says global sales rose 3.7% in January, held back by sagging economies in Brazil and Russia and by an emissions scandal that hurt figures in the United States.

The company said on Friday it sold 847,000 vehicles worldwide, up from 817,000 in the same month a year earlier, according to AP.

The Wolfsburg, Germany-based automaker saw strong gains in China where sales rose 14% and more moderate increases in Western Europe. Sales plunged in Russia and Brazil where the economies are struggling.

Sales fell 7% in the United States where the company had to halt sales of several models due to a scandal over cars that were equipped to cheat on emissions tests.

The figures are for all the company's brands, including Volkswagen, Audi, SEAT, Skoda and Bentley.

 

Financialtribune.com