German institute names VW best car company in study
Wednesday 31 August 2011
German automaker Volkswagen, Europe's biggest car manufacturer, was selected Tuesday as the sector's "best performer for 2010" by a study that highlighted weaknesses of VW rivals Toyota and GM.
For the first time, VW led the rankings established by the German Centre for Automotive Management (CAM), a highly-regarded institute located in the western town of Bergisch Gladbach.
The study was published in the daily Die Welt, and showed VW ahead of German rival Daimler, Hyundai of South Korea, and another German company, BMW.
Toyota was number one in 2009, but was hit last year by repeated quality problems, and only place eighth this time around, just ahead of the Japanese group Nissan and General Motors, which is coming back from a bankruptcy.
The classification takes into account each group's financial results, market share and capacity for innovation.
In the last category, "Volkswagen recorded the biggest gulf with other auto manufacturers," according to CAM director Stefan Bratzel.
With a total of nine brands, which include Audi and Skoda, the VW group offers a wide range of vehicles, and it is very well positioned in the world's biggest auto market, China.
The German carmaker hopes to become the world's biggest carmaker by 2018.
Life & Style blogs
WWE 2K15 gameplay trailer: First look at Sting, Triple H and Daniel Bryan in next-gen graphics
Maytree charity: Sanctuary for the suicidal - one mother's story
iOS 8 apps and features: eight iPhone settings you need to look at after you install the update
iPhone 'Wave': iOS 8 hoax claims you can charge your iPhone in the microwave - you can't
First day of Autumn: Google Doodle celebrates 2014 Autumn equinox
Scotland could still declare independence – even without referendum, says Alex Salmond
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
Archbishop of Canterbury admits doubts about existence of God
Labour Party conference: Ed Balls to set out plan to freeze child benefit to balance books
- 1 Cyclist in Russia narrowly misses being hit by car and lorry
- 2 'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
- 3 What are your fingerprint words?
- 4 Gary Lineker involved in Twitter row after presenter rubbishes claims he will be warned by BBC over foul-mouthed tweets
- 5 Pink Floyd new album: Band unveil cover art for first record in 20 years
£16500 - £20000 Per Annum: Clearwater People Solutions Ltd: We are currently r...
£100 - £125 per day: Randstad Education Crawley: KS2 PPA Teacher currently nee...
£40000 - £45000 per annum + pension, healthcare,25 days: Ashdown Group: An est...
£28000 per annum: Ashdown Group: IT Software Application Support Analyst - Imm...