Volkswagen on Track to Overtake Toyota, CEO Says
Volkswagen (VLKAY) CEO Martin Winterkorn said the company is on track to overtake Toyota Motor (TM) as the world’s largest automaker.
The German company beat Toyota’s full-year profit goal in the first nine months.
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“The Volkswagen group continues to have its sights firmly set on capturing pole position in the automotive industry,” Winterkorn said in an e-mailed statement, according…
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Volkswagen on Track to Overtake Toyota, CEO Says originally appeared on DailyFinance on Wed, 27 Oct 2010 07:34:00.
Filed Under: Company News, Technology, Earnings, Toyota, Autos, Retail