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Volkswagen Takes a Shot at The EV Market

If nothing else, Volkswagen is proving they're gutsy. The German automaker doesn't even offer an electric vehicle (EV). Yet, last month, they announced plans to be the world leader in high-volume EVs by 2018.

Audacious? Maybe for a startup. But, when Volkswagen, which just announced record sales profits for the first quarter of 2011 makes such a claim, people tend to sit a little straighter in their seats. For as the saying goes, "He who laughs last, laughs best." And, if everything goes according to their plan, Volkswagen will have the last laugh.

Speaking of their plan...Volkswagen…

Q1 Profits Triple For Volkwagen

2011 is turning out to be an unbelievable year for German auto maker Volkswagen, as they post triple profit earnings for its first quarter - mostly in China. Vehicles like the updated Volkswagen Tiguan and Volkswagen Jetta brought in record numbers as well.

 

High numbers of new and return customers stepped onto Volkswagen lots, such as Boston Volkswagen at 43 North Beacon Street Watertown, MA 02472.

 

Thanks to Chinese car buyers, Volkswagen displayed $2.5 billion in earning during Q1. China might stay on course with other rising markets, notably Brazil, Russia and India. CEO Martin Winterkorn predicts vehicle deliveries "will…

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