VW boss cautious about 2012, satisfied with November sales image

Volkswagen CEO Martin Winterkorn said November was a very respectable month in terms of sales and said that sales for 2011 will surpass the 8-million mark.

However, the executive stressed that expectations for 2012 are more cautious. The CEO quoted economic forecasts that indicate the global economy will cool down significantly and said that the company has to adapt in 2012 by adopting conservative planning, high flexibility in production and sales as well as continued cost and investment discipline.

Winterkorn said that 2011 had been a very good year overall. 6.8 million vehicles had been delivered from January to October, just under 14 percent more than during the comparable period the previous year. November had also been a “very respectable month”. November sales results for VW Group and brand are due to be released later this month.

In the first 10 months of 2011, VW brand had sold 4.24 million cars worldwide, recording a 10 percent gain in Europe and an 11 percent increase in China. Last week at the Tokyo auto show, Winterkorn said that the VW brand is on track to break the 5 million sales barrier this year, which would be a first for Europe’s largest carmaker.