Volkswagen Aims to Unseat Toyota as No. 1 Carmaker

Volkswagen, currently the world’s third biggest carmaker has set itself the target to increase its sales by almost 60 percent and improve profit margins by 2018, with the final goal of taking the world’s No. 1 car producer title from Toyota, as Reuters reports.

Europe’s biggest car producer plans to increase its sales to around 8 million units in the medium term, with the figure exceeding the 10 million mark by 2018. Last year, the carmaker sold 6.3 million vehicles, a 1.1 year-to-year increa… (read more)