Volkswagen aims to overtake Toyota by 2015
Sat Sep 22, 2007 6:11am EDT
FRANKFURT, Sept 22 (Reuters) - Germany's Volkswagen aims to overtake Japan's Toyota as the world's number one carmaker by the year 2014 or 2015, the German industry magazine Auto Motor und Sport reported on Saturday.
"We want to overtake Toyota in volumes and by profitability," the magazine quoted Michael Kern, head of sales and marketing for the Volkswagen brand, as saying.
"In the next three years we are going to bring 12 new models to the market and we are going to expand our presence in the United States, Russia, India and other markets," Kern said.
Citing company sources, Auto Motor und Sport said Volkswagen's internal planning assumes that the company will surpass Toyota measured by production volumes in 2014 or 2015.
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