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Old 04-27-2011, 07:24 PM
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Default Volkswagen Finishes First Quarter With Record Sales


Volkswagen sold a whopping two million vehicles around the globe in one quarter, the first time in the company's history.

The criticism of the new Jetta didn't damper sales at all—sales profits grew over 30% in the first quarter, netting VW a tidy 37.5 billion Euros. Growth in China, India, and Eastern Europe helped fuel the profits, and the Polo, Tiguan, and Jetta were the models most gobbled up by international consumers.

"The Volkswagen Group has got off to a good start", said VW chief financial officer Hans Dieter Pötsch, adding: "Our sound finances and continuous improvements in profitability are the basis for the Volkswagen Group's successful future."

More: Volkswagen Finishes First Quarter With Record Sales on AutoGuide.com
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