Cars of the Volkswagen Group. (Joerg Sarbach/dpa/archive)
At the beginning of 2018, BMW and Volkswagen once again occupied the top positions in a global comparison of car manufacturers. In terms of sales and turnover, no carmaker fared better than VW in the first quarter, while BMW defended its title as the most profitable company, as a recent comparison by the auditing firm Ernst & Young of the world’s 16 leading carmakers shows. Although, at first glance, the strong euro made for a bumpy start to the year, EY automotive expert Peter Fuss concluded that the overall operating performance of the German companies was satisfactory.
According to the EY study, the most important driver of growth was once again business in China, where all the German manufacturers grew faster than the market as a whole. In China, German carmakers were able to expand their market leadership in the premium segment despite growing competition from more self-confident domestic manufacturers. Accordingly, however, much now also depends on the business in China.
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