VW Plans to Reach No.1 Global Ranking in Sales by 2018 image

Volkswagen Chief Executive Martin Winterkorn recently declared that the strong sales at the beginning of this year will make the company reach its goal of becoming the global number one.

“Vehicle deliveries during the first two months show convincingly that VW has what it takes,” Winterkorn said referring to the German auto maker’s goal.

In January the company managed to achieve record sales of 652,500 units and the momentum continues in February also. Volkswagen aims to sell 10 million vehicles by 2018 and also achieve a pre-tax profit margin north of 8%, which would equate to a return on investment in their core Automotive Division of over 16 percent.

Last year the company boosted sales by 14% to 8.16 million units, likely enough to put it past the champion of the previous three years, Japan’s Toyota. VW sales include Volkswagens as well as the group’s Audi, Seat, Skoda, Bentley, Bugatti, and Lamborghini brands. Taking into consideration that VW has recently bought the heavy-truck builder MAN and plans to take over Porsche, the company might get the title of the world’s leading vehicle maker by sales and profitability by 2018

“Even if the prospects for Europe are not bright,” Winterkorn said, “We continue to build on the growth of North America and China.”