GM slips to 3rd place worldwide
Polk sees VW passing GM in '09 as industry No. 2
FRANKFURT, April 6 (Reuters) - Carmaker Volkswagen will overtake U.S.
rival General Motors this year as the world's second largest automaker
by volume, market research company R.L. Polk Germany said on Monday.
Global production of passenger cars and light commercial vehicles is
forecast to fall 19 percent, or two million units, to 52.8 million
vehicles this year -- the lowest output since 1998, the Essen-based
While GM will suffer a 31 percent drop in production, VW will likely
only see production slide some 15 percent, thanks in part to its low
exposure to the U.S. auto market.
"Volkswagen will therefore overtake ... GM and advance to become the new
number two after Toyota," it said in a statement.
Polk expects global car output to increase in 2010 again, with strong
growth rates in the next two years that allow the market to achieve a
record level of more than 70 million vehicles produced in 2012.