Volkswagen overtakes Ford in global sales
Volkswagen does it - they beat Ford in overall global sales by a significant margin
Ford and Volkswagen have been traveling in different directions of late - VW posting record earnings, while Ford is losing cash by the billions.
VW's momentum doesn't stop with cold, hard cash either. The German automaker's first half year sales rose 7.2% to 3.31 million, while Ford posted a free-fall of 11% to 3.09 million. That gives the German team a lead of 220,000 units in the first half of the year - a very sizable margin.
Part of the reason VW has been able to pass Ford is that the German automaker doesn't rely heavily on US sales, while the US is Ford's largest market. VW also has a larger stake in the quickly expanding Chinese market, whereas Ford is still trying to ramp up sales there.
Since the Blue Oval depends on the US for much of its sales, the second half of the year isn't looking much better than the first half. And even with petrol prices starting to retreat, analysts predict sales will continue to underwhelm for the duration of 2008.
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