It’s all come good now though. Despite trading in the worst economic recession for generations, Volkswagen AG last week quietly announced that its sales were up 1.1%. In a global market that slumped by well into double figures.
Just think about that for a minute. Two thousand and nine was a nightmare for businesses everywhere. Especially those manufacturing cars in a mature, cut-throat market thwarted by over-capacity. While American giants General Motors and Chrysler fell into bankruptcy and most groups were frantically offloading brands in fire sales, VW quietly stuck to its guns – expanded, even, as it took an audacious 20% stake in Suzuki and started the process of incorporating Porsche.
Source: Car Magazine