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Volkswagen's nine-month sales rise 3.9 percent
Operations chief Detlef Wittig said the company was on track to sell to more cars this year than last year, when it sold 6.2 million cars -- helping to push up revenue almost 4 percent to 108.9 billion euros compared with 104.8 billion euros in 2006. 'We're holding steady to our goal,' Wittig said. Volkswagen, whose brands include VW, Audi, Lamborghini, Bentley, Bugatti, Seat and Skoda, has been looking to markets like Brazil, China and countries in central and eastern Europe. From January-September in China, it sold 775,400 cars, up 13 percent, while in Brazil, sales rose 21 percent with 497,100 cars sold. Russian sales were up 88.2 percent with 96,500 cars sold. In central and eastern Europe, VW delivered 428,400 cars in the January-September period, a 20 percent gain from last year. In western Europe, including France and Britain, sales fell nearly 5 percent to 1.5 million, as consumers began to pull back on their big ticket item purchases. This week, VW Chief Executive Martin Winterkorn warned that the industry faced a difficult business climate going into 2009. 'We don't know the full impact on our business yet, but VW is doing better than the competition so far,' he said. Volkswagen releases its third-quarter results Oct. 30. VW shares were down 10 percent to 206 euros ($259.56) in a broadly lower Frankfurt market.