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Volkswagen cuts sales projection by 140k for Europe

Volkswagen has dramatically cut its internal sales target for Western Europe for 2012. The estimate has been chopped by 140,000 vehicles according to Automotive News. In the report, Bernd Osterloh of VW is quoted telling German newspaper Handelsblatt, "The VW Group is tentatively selling more cars this year than last year. But that is correct that it will be somewhat less than what was originally planned." The 140,000-unit reduction in the sales estimate is less than the 250,000 figure reported by the German newspaper last month, though Volkswagen denied that report. Sales for the VW Group... Read More