#VolkswagenAG

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Toyota sold more than 10.23 million vehicles last year, a figure that was enough to make it the largest car company in the world … again.

Following an agreement by the automakers board members, Volkswagen’s acquisition of Porsche will be on track for completion in a month’s time.

Slated for an official introduction at this year’s Paris Motor Show, the seventh generation Volkswagen Golf is one of the most anticipated vehicle launches of the year.

Along with the Saab saga, the story of VW‘s attempt to buy Porsche AG has been nothing short of a soap opera, with twists and turns at every juncture. After previous attempts by the Wolfsburg automaker to purchase the remaining shares in the smaller Stuttgart concern fell through, it now appears, the deal may be on again.

It’s quite impressive when you think about it; VW’s China operations have grown to such an extent (sales of some 1.9 million cars annually) that the company now needs to add a 10th manufacturing facility in the country to keep up with demand.

If sales continue to grow steadily in emerging markets, then it looks very likely that by the end of this year, Volkswagen AG will overtake Toyota as the world’s biggest volume producer of automobiles.

Amid the ongoing dispute between Suzuki Motor Co and Volkswagen AG, Suzuki has written to VW, alleging various breaches of contract and asking VW to address the situation.

Volkswagen sold a whopping two million vehicles around the globe in one quarter, the first time in the company’s history.

Good news for the economy, not-so-great news for BMW and Mercedes-Benz factory workers who had travel plans over the holiday season. In order to meet the growing demand for new models, these two automakers have decided to shorten Christmas breaks this year.