VW pleased with Q1 results

By Liam Orlita

Volkswagen set records in the first quarter of 2010 with a 27 per cent increase passenger cars’ sales worldwide.

In addition to its sales jump, volume for all of the company’s brands grew by double-digits.

Over the first three months of 2010, Volkswagen delivered 1.73 million vehicles to customers - that beats last year's figures of 1.39 million, giving the European automaker a 24.6 per cent boost.

Volkswagen also says it set a record for first-quarter sales in China, with a 60.9-per cent jump in vehicles delivered. Overall, the European automaker delivered 457,300 vehicles.

Audi set a personal record with 264,100 vehicles delivered worldwide – good enough for its best first-quarter performance ever.

Volkswagen rep Christian Klingler says the positive trend in the first part of the year, “Strengthens the company’s optimism about developing better than the market.”