VW’s 2019 vehicle deliveries slightly above 2018’s

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VW’s 2019 vehicle deliveries slightly above 2018’s

Wolfsburg-based leading German multinational automaker, Volkswagen AG, said on Thursday, the 9th of January 2020, that, its vehicle deliveries had beaten an earlier forecast that predicted the German carmaker’s 2019 sales would be equal to the year before adding its vehicle deliveries in 2019 came up marginally above the sales figure of 2018.

In point of fact, back in the 2018s, the multi-brand Volkswagen Group, which makes a swathe of autos ranging from luxury sports cars to pickup trucks to passenger vehicles and owns a number of long-hailed brands likes of Porsche, Audi, Lamborghini, Scania, MAN, Skoda and Bugatti, had delivered 10.8 million vehicles across the globe, which had also topped in the reckoning of selling most passenger cars on 2018.

Apart from that, ahead of its earnings’ report for 2019 scheduled to be released by March 17th, the VW Chief Executive, Herbert Diess was quoted saying in an investor presentation in NY that the automotive industry titan was looking to an operating profit on sales between 6.5 per cent to 7.5 per cent for 2019.

On top of that, the VW Group’s Thursday’s (January 9th) statement had also added that the group was set to invest a whopping €7 billion ($7.8 billion) over the coming months aimed at creating a dedicated software organization to ramp up its in-house software development to 60 per cent from current 10 per cent.