VW has set a new expansion goal as steady volume gains have already helped the automaker see its current target for 2018 reachable.
“We definitely need a new (growth) strategy,” Bernd Osterloh, head of VW’s works council, told reporters in Wolfsburg.
The German automaker’s current expansion plan, drawn up by CEO Martin Winterkorn in 2007 when he took office, presents steps for the company on how to become the world’s biggest automaker by 2018, reaching annual sales of 10 million vehicles that year. In 2012 VW sold a record 9.1 million units, increasing global deliveries by 11.2%. This means that the company will reach sales of 10 million vehicles as soon as this year.