Almost as soon as Toyota earned the title of the world’s largest automaker, analysts quickly began to eye Volkswagen and their rapid growth as well. Now it seems that the time has come for the Volkswagen Group to claim the title of the world’s largest automaker, as this year VW is poised to produce 4.47 million vehicles.
Since January of this year, Toyota has been struggling against the effects of a sluggish economy. As such, the automaker has been forced to cut output dramatically. According to VW St Louis, assistance by the German government through a Cash-for-Clunkers-like program has also helped VW gain the edge over Toyota.
Last year Toyota had produced 9.24 million vehicles. This year that number is expected to be around 7.24 million vehicles according to IHS Global Insights.
This year the VW group also added Porsche to its roster of global brands which Green Bay Volkswagen says is a great addition to the already world-class lineup of brands. These other brands include Bentley and Lamborghini just to name a few. Last year Toyota earned the title of world’s largest automaker after overtaking General Motors, which held the title for 80 years. At Boston Toyota the demand for fuel efficient vehicles like the Yaris, Corolla, and the third-generation Prius helped maintain Toyota sales, but global challenges has hindered Toyota’s continued growth. Continue reading ‘Volkswagen Group Becomes World’s Largest Automaker’
