Germany’s Volkswagen Group announced this Monday, during a meeting in the city of Wolfsburg, the rise in sales of passenger cars with the central brand Volkswagen in January last year in the world.
Europe’s largest automaker reported total sales of 5,331,500 cars last month, 7.1% higher than the results in January 2017. Volkswagen sold 43,300 cars in Germany, where sales were affected last year because of the diesel crisis. Golf, Passat and Tiguan have massively contributed to the booming sales in China, with sales rising by 9.7%, to 296,000 cars. He described these developments as a quick start in China, which he considered a second domestic market. Sales in Brazil also grew by 43.2%, to 23,900 vehicles.
Volkswagen’s sales in the United States rose by 5.2%, reaching 24,700 cars, with the diesel scandal in the fall of 2015 involving the exhausting of millions of diesel engines. Demand for the new model has been driven by SUVs, with 52% of total sales in America.
The German luxury car maker BMW said on Tuesday that it aims to regain the top spot in the luxury car market in terms of sales, which was outperformed by the German competitor Mercedes in 2016. BMW said that sales during January sales totaled 169,538 vehicles, an increase of 3.8% from the same month, last year, including sales of the MINI and BMW, with total sales of 148,400 vehicles, an annual increase of 3.4%. Mercedes-Benz’s sales during the past month were 193,414, and Audi’s sales from the Volkswagen Group were 149,100, slightly higher than those of BMW.
On a separate note, PepsiCo, the US company, and Pepsi International, the global soft drink brand, posted higher-than-expected sales in the fourth quarter of last year, supported by strong demand for its sandwich products, which covered a drop in sales of soft drinks.
PepsiCo also announced on Tuesday a repurchase program of $15 billion worth of shares, and a 15% increase in dividends. Total revenue in the last three months of 2017 rose slightly to $19.53 billion, beating analysts’ expectations which were of $19.39 billion. The company posted a net loss of $710 million, compared with a profit of $1.40 billion a year ago, reflecting a $2.5 billion cost of tax revenues associated with the US. PepsiCo earned $1.31 per share, compared to an average of $1.30.