F&I Management & Training

Volkswagen confirmed the dire state of the car industry when chief executive Martin Winterkorn estimated that global industry sales had dropped by a further quarter in January. He said that Europe's largest carmaker sold 15% fewer vehicles during the month, although global sales were down by 25%. Volkswagen estimates point to a further deepening of the largest crisis the car industry has seen for decades. In December worldwide sales fell by 18%.

DATED: 30.01.09

FEED: AW