VW takes global sales lead from shutdown-hit Toyota – Reuters

The logos of Volkswagen (L) and Toyota Motor Corp are seen at their dealership in Tokyo, Japan, in this July 30, 2014 file photo. REUTERS/Toru Hanai/Files

The logos of Volkswagen (L) and Toyota Motor Corp are seen at their dealership in Tokyo, Japan, in this July 30, 2014 file photo.

Reuters/Toru Hanai/Files

Volkswagen (VOWG_p.DE) eclipsed Toyota (7203.T) as the world’s top-selling carmaker in the very first quarter as the Japanese rival grappled along with a collection of production stoppages.

Toyota’s global sales declined 2.3 percent in the January-March interval to 2.46 thousand cars, a spokesman stated about Tuesday. VW, straining to conquer an emissions scandal, mentioned earlier this month a 0.8 percent boost to 2.51 thousand vehicles in market deliveries.

General Motors’ (GM.N) quarterly deliveries additionally dropped, 2.5 percent to 2.36 thousand cars as a result of a downturn in Latin America.

Volkswagen’s global market deliveries have actually so much not taken a beating from the diesel emissions-check manipulations, the carmaker’s biggest-ever corporate scandal, benefiting from solid necessity when it come to luxury Audi and Porsche models and Czech volume brand Skoda.

The German group, which last week mentioned the greatest monetary loss in its record after distinguishing aside 16.2 billion euros ($18.31 billion) to assistance fulfill expenses arising from the scandal, expects 2016 deliveries about a par along with last year’s 9.93 million.

Already handicapped by a one-week shutdown at residential assembly plants in February, Toyota stated earlier this month it would certainly suspend considerably of its production at plants across Japan when it come to yet another week after earthquakes in the country’s south led to a shortage of parts.

So much this year, residential production has actually accounted when it come to about 40 percent of Toyota’s global output, along with nearly fifty percent of all of its vehicles developed in Japan exported overseas.

(Reporting by Andreas Cremer and Naomi Tajitsu; editing by Susan Thomas)