Dark Horse Renault-Nissan Is World's 2nd Largest Automaker, Beats Volkswagen
Volkswagen AG, the company that ended 2016 as the world’s largest automaker, continues to show a lack of follow-through. Three months into the year, the Germans fell back to place three. It does not surprise that formerly largest automaker Toyota regained the leadership. The astonishing part is that a dark horse is in second place. With Mitsubishi under its belt, the Renault-Nissan Alliance has upset the top three, and even more surprising, it is nipping at the heels of #1 Toyota.
13.% ahead of the same quarter in 2016, the Alliance is the only contestant on the podium with double-digit gains. With 7.5% growth in the first quarter, Toyota has found back to its steady-as-she goes pace. Volkswagen has lost half a percent compared to Q1 2016. All this according to data release by the automakers...
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