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VW Overtakes Ford

August 28, 2008
Volkswagen says it's passed Ford Motor Company to become the world's third-largest automaker.

The Volkswagen Group--which includes Audi, SEAT, Skoda, Bugatti, Lamborghini and Bentley--delivered 3.31 million vehicles in the first half of 2008. VW says Ford's reported first-half sales of 3.22 million vehicles worldwide, putting the German automaker ahead of the American company.

"This shows that we are on the right track with our ever-stronger international presence and, above all, our product program," said VW chairman Martin Winterkorn.

General Motors and Toyota are locked in a battle to determine which will be the world's largest automaker in 2008. GM is still in the process of cutting production and closing factories in North America--but the economic stall in the U.S. has also led Toyota to announce production cuts.

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