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BREAKING NEWS

VW meets 2008 sales targets

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VW meets 2008 sales targets

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Volkswagen has bucked the industry trend as it met its forecast for group sales growth last year.

Europe’s largest carmaker saw a 0.6 percent increase in deliveries to a record of 6.23 million vehicles. It did best in emerging markets such as China, Russia and Brazil. However VW has warned its sales could fall about 10 percent this year. Experts believe 2009 will be brutal for the car industry with a near 20 percent drop in the overall market.