VW predict zero growth for car market

Volkswagen has warned that it could face flat sales in 2010 as it expected ‘zero growth’ in the car market.

The world’s third largest carmaker behind Toyota and General Motors, is likely to be among motor manufacturers who suffer as state-sponsored scrappage scheme designed to increase new car sales run out next year.

While sales reductions in those markets – European countries and the US – are expected to be offset by rising demand in countries such as China and India, the net effect is expected to be ‘zero growth’.

Source: Financial Times