Egypt's NUCA, SHMFF sign New Cairo land allocation for integrated urban project    CIB named Egypt's Bank of the Year 2025 as factoring portfolio hits EGP 4bn    Egypt declares Red Sea's Great Coral Reef a new marine protected area    Oil prices edge higher on Thursday    Gold prices fall on Thursday    Egypt, Volkswagen discuss multi-stage plan to localise car manufacturing    Egypt denies coordination with Israel over Rafah crossing    Egypt to swap capital gains for stamp duty to boost stock market investment    Egypt tackles waste sector funding gaps, local governance reforms    Egypt, Switzerland explore expanded health cooperation, joint pharmaceutical ventures    Egypt recovers two ancient artefacts from Belgium    Private Egyptian firm Tornex target drones and logistics UAVs at EDEX 2025    Egypt opens COP24 Mediterranean, urges faster transition to sustainable blue economy    Egypt's Abdelatty urges deployment of international stabilisation force in Gaza during Berlin talks    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch    Australia returns 17 rare ancient Egyptian artefacts    China invites Egypt to join African duty-free export scheme    Egypt calls for stronger Africa-Europe partnership at Luanda summit    Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt scraps parliamentary election results in 19 districts over violations    Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date    Egypt signs host agreement for Barcelona Convention COP24 in December    Al-Sisi urges probe into election events, says vote could be cancelled if necessary    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Cairo International Film Festival to premiere 'Malaga Alley,' honour Khaled El Nabawy    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Volkswagen is global leader in car sales
Published in Daily News Egypt on 25 - 07 - 2016

Diesel emissions scandal? Lawsuits, fines, turmoil at headquarters? Whatever. VW Group sold more cars and light trucks than any other carmaker in the first half of 2016, ahead of close rivals Toyota and General Motors.
The Center of Automotive Management, a research center base at a technical college in Bergisch Gladbach, Germany, specializes in gathering data on industry trends. On Monday, it released an estimate of total sales made in the first half of 2016 by each of several leading carmakers.
The results show that VW Group, which encompasses several brands including Volkswagen (pictured at top: the latest-model VW Up1), Audi, Skoda, Seat and Porsche, among others, topped five-million units for the first time. The German carmaker sold 5.04 million cars and light trucks by the end of June, a year-on-year rise of 0.8 percent. VW's strong sales were attributable in large part to its core markets in Western Europe and China.
Perennial global rival Toyota came a close second with 4.99 million vehicles sold, an increase of 1.0 percent. General Motors (GM) was third with 4.77 million vehicles sold, a year-on-year decrease of 1.8 percent.
Fourth-place carmaker Hyundai/Kia, based in South Korea, saw its half-year sales decline by 2.4 percent compared to the previous year. Its total sales were under four million vehicles.
Buyers seemingly not worried by diesel scandal
VW Group's new sales record was attained despite the huge scandal the company has had to deal with since late summer of 2015, when it became known that the company had rigged emissions-test motor-management software built into millions of its diesel-engined cars.
The software recognized when cars were being tested for their emissions in test labs – the wheels spun, but the odometer didn't move – and responded by shifting the engine to a lean-burning, low-pollution mode, very different from the mode it ran the engine in during normal road operation. The result: Severe, fraudulent under-reporting of the amounts of health-hazardous air pollutants produced by VW diesel cars during on-road conditions.
The company faces fines and repair bills amounting to double-digit billions of dollars as a result, and has profusely apologized to its clients and various governments. The scandal resulted in changes in VW Group's senior management, and the announcement of a major shift in the company's vehicle lineup development plans, with a much stronger emphasis on the development of electric vehicles (EVs) over the coming ten years than was planned under the previous management. The company intends for EVs to comprise about 20 percent of its total sales by 2025.
In another bit of good news for the company, the head of the California Air Resources Board, Mary Nichols, told the German business newspaper "Handelsblatt" in a report published on Monday that CARB will likely permit VW to repair and re-sell some 600,000 VW diesel automobiles with two- and three-liter engines. This could save the company billions of dollars.
"We want VW to be able to repair and resell the cars. In the long term, we think that's more efficient," Nichols said. The repairs would reduce the cars' emissions by 80 to 90 percent, with the balance of the pollutant load more than compensated by investments in a variety of non-automotive clean-air measures, paid for by VW contributions to a clean-air fund in a deal negotiated between VW and CARB.
NZ (dpa, Reuters)


Clic here to read the story from its source.