Market research company R.L. Polk, Germany have revealed that Volkswagen will overtake General Motors this year to become the second biggest car maker behind Toyota, pushing GM into 3rd place.
Polk are predicting that global production of passenger cars and light commercial vehicles will decrease 19 percent, or two million units, to 52.8 million vehicles this year which would be the lowest output since 1998.
Polk said bailout receivers GM will suffer a 31 percent drop in production this year while VW will likely only see a slide of some 15 percent, thanks in part to its low exposure to the U.S. car market, where sales have dropped 38.4 percent through March, compared with 30.5% in the UK
Polk expects global car output to increase in 2010 again, with strong growth rates in the next two years that will allow the market to achieve a record production level of more than 70 million vehicles in 2012.