31 May '12, 3am

Volkswagen Group of America CEO sees US auto industry sales up in May - Straits Times: Straits TimesVolkswagen G...

Volkswagen Group of America CEO sees US auto industry sales up in May - Straits Times: Straits TimesVolkswagen G...

Automakers are expected to report an increase in United States new car sales of 20 per cent to 30 per cent in May from a year earlier under a 'steady solid recovery' in 2012, Volkswagen Group of America's top executive said on Wednesday. -- PHOTO: AFP DETROIT (REUTERS) - Automakers are expected to report an increase in United States (US) new car sales of 20 per cent to 30 per cent in May from a year earlier under a 'steady solid recovery' in 2012, Volkswagen Group of America's top executive said on Wednesday. New car sales started strongly the first part of May for the industry, softened during the middle of the month 'and then came back again over the Memorial weekend', said Mr Jonathan Browning, president and chief executive officer (CEO) of Volkswagen Group of America. Sales are likely going to be stronger than the 20 per cent increase Volkswagen initially forecast, but...

Full article: http://www.straitstimes.com/Motoring/Story/STIStory_80538...

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