Volkswagen aims to overtake Toyota by 2015 -report

Newswire

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 ...

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