P.M. BRIEFING : Volkswagen Sales Rise 1.5%
<i> From Times wire services</i>
WEST BERLIN —
Volkswagen AG, West Germany’s largest automobile manufacturer, said today it sold 1.55 million vehicles worldwide in the first six months of 1990.
Sales rose 1.5% compared with the same period last year, VW Chairman Carl Hahn told the company’s annual shareholders’ meeting.
Hahn added he expects pretax earnings for the six-month period to surpass last year’s record of $244 million.
Volkswagen, the second-largest automobile manufacturer in Europe after Fiat SpA of Italy, produces Volkswagen, Audi and Seat automobiles.
Group sales in Europe climbed 1.7% to 1.18 million vehicles, Hahn said. He noted that since May, Volkswagen has had the largest share of the European market with a 15.2% share.
