Volkswagen sets first quarter delivery record, Herbert Diess tipped as new CEO

- Leadership - Apr 10, 2018

Volkswagen delivered over 1.5mn vehicles to customers in its first quarter of 2018, breaking the company's record.

An increase of 5.9% compared to the equivalent 2017 figure, the German auto giant handed over 1,525,300 vehicles in January, February and March, seeing particular upward trends in Europe.

454,000 units were delivered on the continent in the three-month period, a 6% rise compared to the 428,200 figure recorded last year. Volkswagen's home market of Germany performed strongly, while sales in Russia increased by a considerable 19%.

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"The Volkswagen brand’s first-quarter delivery results are very encouraging. We achieved growth in many European markets as well as Germany," said Jürgen Stackmann, Board Member for Sales.

The news emerged at the same time as speculation surrounding the company's executive leadership, with Volkswagen admitting that it's considering changes at the top in a short statement released on Tuesday.

German media outlets are reporting that Herbert Diess, Volkswagen's brand chief, is set to replace Matthias Mueller in the CEO's chair. Muller has overseen the company's response to the diesel emissions scandal of 2015, where fixed testing ended up costing it $2.8bn in fines.

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