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| Volkswagen says sales could hit another record in 2012 | Volkswagen says sales could hit another record in 2012 |
| (about 3 hours later) | |
| Car giant Volkswagen says 2012 could be another record year. | Car giant Volkswagen says 2012 could be another record year. |
| Vehicle sales could surpass last year's total of 8.3 million, VW said as it detailed its 2011 results. | Vehicle sales could surpass last year's total of 8.3 million, VW said as it detailed its 2011 results. |
| The company also said that 2012 profits could match 2011. The firm reported a net profit of 15.8bn euros (£13.4bn; $21.2bn) for last year, double the surplus it made in 2010. | |
| VW says its goal is to become the world's biggest and most profitable carmaker by 2018. | VW says its goal is to become the world's biggest and most profitable carmaker by 2018. |
| "We remain on track on our way to the top of the automotive industry," said chief executive officer Martin Winterkorn in a statement with the href="http://www.volkswagenag.com/content/vwcorp/info_center/en/news/2012/03/Volkswagen_Group_presents_record_results_for_2011.html" >2011 results. | |
| The company has seen strong growth in emerging makers, including India, China and Latin America. | The company has seen strong growth in emerging makers, including India, China and Latin America. |
| The Audi brand had a particularly strong year. | |
| With an operating profit of 5.3bn euros last year, it was Volkswagen's most profitable brand. | |
| VW plans to spend 62bn euros on new plants and research and development over the next six years. It will also hire 50,000 more staff. |