Volkswagen AG expects "limited growth" in the United States over the next two years and will focus on defending the market share it has, the top executive for the region said, suggesting the German automaker will fall short of an ambitious 2018 sales target. VW's U.S. chief, Michael Horn, downplayed the importance of hitting annual U.S. sales of 800,000 vehicles by 2018, a goal VW CEO Martin Winterkorn has held to despite slumping U.S. sales for the brand over the past two years.
Read Article