VW Group increases deliveries 6% in the first four months image

Last year’s second biggest auto group and Europe’s largest, Volkswagen AG has announced it managed to grow sales for the January-April period at least 6%, reaching for all of its brands a total of more than 3.2 million cars.

The new record was announced during the automaker’s annual general meeting held in Hanover, Germany, with CEO Martin Winterkorn announcing for a second time – after it first forecast the growth in March, that his automotive group is on pace to exceed a sales target of 10 million units this year, while the original plan saw the mark surpassed in 2018.

On Monday, the core VW car passenger brand announced it managed to achieve in April a 7% increase to 513,400 cars, while for the four months period deliveries surged by 5% to a total of almost 2 million cars.

Also, at the same shareholders meeting it was announced that Volkswagen’s Board of Management and the Supervisory Board recommend the increase of dividends, from €3.50 last year to €4.00 per ordinary share and to €4.06 (from €3.56) per preferred share for fiscal year 2013. That means that VW would give its shareholders around €1.9 billion from the net profit.

Via Automotive News Europe