VW sales fall for first time in 11 years

German carmaker Volkswagen has posted its first drop in VW brand sales in 11 years as the company continues to cope with its emissions scandal, reports BBC.
Sales of VW brand cars fell 4.8 per cent in 2015 to 5.82 million cars from 6.12 million a year earlier. Falling demand in China and US added to the losses as orders fell in December.
VW has promised it will have a fix in the coming weeks for the millions of US cars with defeat devices that disguised emission levels in diesel cars.
Sales began declining after the scandal came to light in September. Deliveries fell 5.3 per cent in October, 2.4 per cent in November and 7.9 per cent in December compared with those months the previous year.
The underperformance at VW's largest division by sales and revenue pulled down annual group deliveries by 2 per cent to 9.93 million cars, the first drop in 13 years, VW said.
However, speaking on Wednesday, Volkswagen chief executive Herbert Diess said he was "optimistic" the company would find a solution soon.
"We will bring a package together which satisfies our customers first and foremost and then also the regulators," said Mr Diess. Regulators appear
been less confident. The Environmental Protection Agency (EPA) which uncovered the scandal, said on Monday that VW had not yet "not produced an acceptable way forward".

VW sales fall for first time in 11 years

German carmaker Volkswagen has posted its first drop in VW brand sales in 11 years as the company continues to cope with its emissions scandal, reports BBC. Sales of VW brand cars fell 4.8 per cent in 2015 to 5.82 million cars from 6.12 million a year earlier. Falling demand in China and US added to the losses as orders fell in December. VW has promised it will have a fix in the coming weeks for the millions of US cars with defeat devices that disguised emission levels in diesel cars. Sales began declining after the scandal came to light in September. Deliveries fell 5.3 per cent in October, 2.4 per cent in November and 7.9 per cent in December compared with those months the previous year. The underperformance at VWs largest division by sales and revenue pulled down annual group deliveries by 2 per cent to 9.93 million cars, the first drop in 13 years, VW said. However, speaking on Wednesday, Volkswagen chief executive Herbert Diess said he was optimistic the company would find a solution soon. We will bring a package together which satisfies our customers first and foremost and then also the regulators, said Mr Diess. Regulators appear been less confident. The Environmental Protection Agency (EPA) which uncovered the scandal, said on Monday that VW had not yet not produced an acceptable way forward.