Volkswagen overtakes Toyota as the world’s largest carmaker by sales in the first half year, according to Reuters.
The German group on July 17 reported 5.04 million deliveries in the first half year. By comparison, Toyota said today it sold 5.02 million cars between January and June, a 1.5 percent decline on year-ago levels.
VW’s size may be turning into a disadvantage with over 310 models and nearly 120 factories worldwide. In April, CEO Martin Winterkorn ousted ex-chairman Ferdinand Piech for publicly criticizing him, signaling a leadership crisis at VW.
VW has been pushing for greater scale under Chief Executive Winterkorn’s eight-year reign, propelled by adding brands and factories and roaring sales in China.
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