Volkswagen AG predicts that global car markets will stagnate next year; hence it is calling its entire staff to push the company from its position as third-largest automaker and aim to surpass the leaders.
At a works council meeting at its Wolfsburg headquarters, Francisco Garcia Sanz said that in the current planning for 2010, the company is assuming a similar sales volume level for the overall passenger-car market as in 2009. In fact, group sales for the first six months of 2009 at Volkswagen, Europe’s biggest carmaker, trailed Toyota Motor Corp. and General Motors Co. by less than 500,000 cars.
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