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VW sales rebound on strong China, Europe demand

Friday, October 14, 2016 - 00:53

Volkswagen has posted the biggest rise in its sales in two-and-a-half years, powered by demand for VW brand cars in China and robust sales in Europe. Hayley Platt reports.

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An impressive sales increase for Germany's beleaguered Volkswagen. It beat expectations with a 7.1 percent rise in September - its largest monthly gain in two-and-a-half years - signaling a possible rebound following the diesel emissions scandal. A 20 percent jump in sales from China - VW's biggest market - helped drive sales. Demand in Europe - which accounts for 40 percent of its vehicles - wasn't bad either, up 6.3 percent. But the escalating costs from the emissions debacle are certain to hurt. The final bill in still unknown - so far VW has set aside 17.8 billion euros, although many analysts expect the final damage to be twice as much.

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VW sales rebound on strong China, Europe demand

Friday, October 14, 2016 - 00:53