Volkswagen, The largest carmaker in Europe, is predicting that its worldwide sales will increase by five percent this year.
The German car manufacturer made this bold prediction after it posted record deliveries last year, mostly due to the marked growth of the car market in China and in other emerging countries. Officially, the company posted a sales increase of 14 percent in 2010, a figure that is nothing to scoff at. With anticipation that growth in sales in countries like Brazil, india, Russia and China will continue, the company is banking on this to further narrow the gap that separates it from Toyota as one of the most profitable car makers in the world.
