VW on track as next global auto-sales leader

|By:, SA News Editor

Volkswagen (OTCQX:VLKAY) will likely overtake Toyota (NYSE:TM) this year as the global leader in vehicle sales, as it ramps up its expansion into China, while Toyota cuts back on growth to focus on quality.

IHS Automotive forecast Volkswagen's total first-half sales at 5.1M vehicles and Toyota's at 4.8M, but noted that Toyota could end up outperforming its projections in the Middle East and Africa. For the full year, IHS expects Volkswagen to sell 9.9M vehicles vs. Toyota's 9.5M.