Jan 10, 2017
VW shrugs off scandal with record sales
The VW group saw sales increase by 3.8% in 2016, making it likely that the firm will overtake Toyota as the world's biggest carmaker by volume. The sales figures includes the Audi, Porsche and Skoda brands. Sales in China surged 12.2%, but US sales fell 2.6% over the year. On Monday, a senior VW executive in the US, Oliver Schmidt, was charged with taking part in a conspiracy to defraud the US over the scandal, while the company was accused of hiding the issue from regulators. VW chief executive Matthias Mueller described 2016 as "a very challenging year" for the firm.
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