Volkswagen-Porsche has overtaken Toyota to become the world's largest car manufacturer as the German group benefits from state-backed stimulus packages around the globe.

The maker of the Golf, Polo and Boxster brands has produced 4.4m vehicles so far this year, outstripping its Japanese rival which has seen 4m cars roll off production lines since January.

The estimates by IHS Global Insight reflect the benefit on the German manufacturer of government measures in China, Germany and Britain to prop up their automotive industries and stimulate consumer demand in the wake of the worldwide economic downturn.

The group has launched a range of VW models tailored for the Chinese market and sold 128,000 cars there in July, accounting for nearly a quarter of its global sales for that month as it moves aggressively into the world's largest car market.

China boosted demand for cars by cutting sales taxes and introducing subsidies, while the UK and Germany persuaded consumers to buy new vehicles through cash-for-clunkers schemes, where car owners were paid to trade in their old vehicle for a new model.

However, IHS Global Insight said Volkswagen's ascent to the top of the manufacturing league was aided by Toyota's decision to halve its output in the first quarter of the year. Christoph Stürmer, a director at IHS Global Insight, said Toyota had "braked extremely hard" at the beginning of 2009, slashing output from 2.1m cars in the quarter to 1.1m.

"That extremely hard brake has been keeping Toyota behind Volkswagen by quite a margin. Due to government incentives, Volkswagen was not forced to decelerate so hard," said Stürmer.

Toyota, which employs 3,560 people at its Burnaston plant in Derbyshire, became the world's largest carmaker last year after overtaking General Motors, which had held the title for 80 years.

The firm has the capacity to make 10m vehicles a year but it expects to make 7m vehicles in 2009, compared with an output of 9.24m last year. Toyota is preparing for a prolonged dip in demand and has announced plans to suspend a production line in Japan for more than a year from next spring.

Last week it posted a better than expected profit of ¥21.8bn (£144m) for the three months to December – albeit compared with a profit of ¥139bn for the same period last year. It more than halved its projected loss from ¥450bn down to ¥200bn.

SOURCE

___________________

My Set Archive - MY BLOG

Also, VW and Porsche just combined, so that has something to do with it too.

___________________
Click the link below to stream all of my mixes past and present. New mixes go up about once a month. Enjoy!

www.mixcloud.com/jluger

Not entirely sure what to make to this, I'll let the COR know when I'm sober. But cheers for the news Oscar .

___________________

>>> Beatport Stuff <<<

VW>TOYOTA

but i feel the Asians will retaliate

___________________

quote:

Originally posted by bas we're just rolling in that sweet sweet Beatport chedda SON. I PUT DIAMONDS IN MY SALT SHAKER SO I CAN HAVE CRUSHED DIAMONDS ON MY FOOD...it makes my dookie twinkle!!!

leph, you're a aardvark.

___________________
There are more things in heaven and earth, Horatio,
Than are dreamt of in your philosophy.

So...do the Toyota trucks rebadged as VW's in certain parts of the world, count for VW or Toyota?

___________________
(o\ ! /o)
dubBrotherDJs
DavidHousehead.com
myspace

My VW embodies everything I love about German engineering.

___________________
Mix archive | Melbourne club guide

quote:

Originally posted by Domesticated My VW embodies everything I love about German engineering.

So does my BMW.

Not surprising. VWs are amazing machines.

___________________

cars are like scat porn, only the japanese and the germans excel at it, and once in awhile an italian will poop something good.

___________________
Whooooooo Hawwwww Whoooooo Hawwwww. - Busta Rhymes 3:16

www.soundcloud.com/le-freak

Le Freak - Funk for Cows (pure fat bitch haus..click and free wet naps.)

quote:

Originally posted by woscar Volkswagen-Porsche has overtaken Toyota to become the world's largest car manufacturer as the German group benefits from state-backed stimulus packages around the globe. The maker of the Golf, Polo and Boxster brands has produced 4.4m vehicles so far this year, outstripping its Japanese rival which has seen 4m cars roll off production lines since January. The estimates by IHS Global Insight reflect the benefit on the German manufacturer of government measures in China, Germany and Britain to prop up their automotive industries and stimulate consumer demand in the wake of the worldwide economic downturn. The group has launched a range of VW models tailored for the Chinese market and sold 128,000 cars there in July, accounting for nearly a quarter of its global sales for that month as it moves aggressively into the world's largest car market. China boosted demand for cars by cutting sales taxes and introducing subsidies, while the UK and Germany persuaded consumers to buy new vehicles through cash-for-clunkers schemes, where car owners were paid to trade in their old vehicle for a new model. However, IHS Global Insight said Volkswagen's ascent to the top of the manufacturing league was aided by Toyota's decision to halve its output in the first quarter of the year. Christoph Stürmer, a director at IHS Global Insight, said Toyota had "braked extremely hard" at the beginning of 2009, slashing output from 2.1m cars in the quarter to 1.1m. "That extremely hard brake has been keeping Toyota behind Volkswagen by quite a margin. Due to government incentives, Volkswagen was not forced to decelerate so hard," said Stürmer. Toyota, which employs 3,560 people at its Burnaston plant in Derbyshire, became the world's largest carmaker last year after overtaking General Motors, which had held the title for 80 years. The firm has the capacity to make 10m vehicles a year but it expects to make 7m vehicles in 2009, compared with an output of 9.24m last year. Toyota is preparing for a prolonged dip in demand and has announced plans to suspend a production line in Japan for more than a year from next spring. Last week it posted a better than expected profit of ¥21.8bn (£144m) for the three months to December – albeit compared with a profit of ¥139bn for the same period last year. It more than halved its projected loss from ¥450bn down to ¥200bn. SOURCE

This does not mention sales at all, just production.

Higher production does not necessarily mean higher sales

quote:

Originally posted by Halcyon+On+On leph, you're a aardvark.

___________________

quote:

Originally posted by bas we're just rolling in that sweet sweet Beatport chedda SON. I PUT DIAMONDS IN MY SALT SHAKER SO I CAN HAVE CRUSHED DIAMONDS ON MY FOOD...it makes my dookie twinkle!!!