Sales at Europe's leading auto maker Volkswagen fell by 15 percent in January as the worldwide slump in the car industry showed no sign of slowing, its chief executive officer was quoted as saying Thursday.
Sales at Volkswagen were still better than its competitors, however, Martin Winterkorn told the Financial Times. Auto sales worldwide are down 25 percent.
“We have done better than the overall market,” the FT cited him as saying.
The company recently ruled out the possibility of registering a loss in the first three months of the year.
Nevertheless, it has put around two-thirds of its German workforce on shorter hours as it slashes production to cope with the fall in demand.
