VW overtakes Toyota as world’s top carmaker

02-01-2017, 01:15 AM
Volkswagen AG dethroned Toyota Motor Corp. last year to become the world’s best-selling automaker for the first time, propelled by surging demand in China which has been largely unaffected by the diesel-cheating scandal.Volkswagen sold a record 10.3 million vehicles in 2016, outpacing its rival with a 3.8 per cent gain from a year earlier. Toyota’s global sales, including its Hino Motors Ltd. and Daihatsu Motor Co. units, rose 0.2 per cent to 10.2 million vehicles in 2016.

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