VOLKSWAGEN OVERTAKES FORD

WOLFSBURG, Germany – The Volkswagen Group has taken its place among the world’s top three automakers thanks to the Wolfsburg-based company’s outstanding delivery figures in the first half of 2008. Rival Ford had to settle for fourth position.

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“We are delighted that the Volkswagen Group has made it to the global automobile industry’s top three for the first time. This shows that we are on the right track with our ever-stronger international presence and, above all, our product program. We will systematically push ahead with our growth course even in the present difficult market environment,” Prof. Dr. Martin Winterkorn, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, commented.

With 3.31 million vehicles delivered in the first half of 2008, the Volkswagen Group increased deliveries in the first six months of this year by 7.2 percent, moving up to third place in the global vehicle sales ranking and overtaking its rival Ford, which announced vehicle sales of 3.22 million for this period.

[Source: VW]

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