VW says June unit sales up 6 pct
MUNICH, July 3 (Reuters) - Volkswagen (VOWG.DE: Quote, Profile, Research) chief executive Martin Winterkorn said Europe's largest auto maker sold 6 percent more cars and transporters in June than in the same month a year earlier.
In the first six months of 2009 VW saw sales fall 5.1 percent compared with a year earlier, even as the global market contracted by 18 percent, Winterkorn said at the sidelines of an industry event in Munich on Friday.
Winterkorn sees the global market for passenger cars in 2009 at around 47 million units, about 12 million units below 2007 levels.
"Volkswagen is holding its course," Winterkorn said, adding that compared to its competitors, VW is holding its own.
Although this was no reason for euphoria it showed that VW was on the right path, Winterkorn said.
(Reporting by Jan Schwartz; writing by Edward Taylor)
© Thomson Reuters 2009 All rights reserved
UK joins G20 push for world levy on banks
Britain threw its weight behind proposals to impose a global levy on banks to fund future bailouts and called on the G20 to work toward a $100 billion deal to meet the cost of climate change. Full Article | Full Coverage
Galleon case
U.S. insider trading probe widens
Fourteen people were charged with fraud and conspiracy in a dramatic widening of an insider trading scandal. Full Article





India
US
UK









