VW shares climb as group celebrates record sales in 2012

<p>Shares in VW have climbed in Frankfurt as the carmaker posts record sales for 2012.</p>

Shares in Volkswagen (VW) have soared on the Frankfurt Stock Exchange in trading today (January 14th), as the group celebrates record sales figures for 2012.

The German manufacturer sold more than nine million vehicles over the 12-month period, which is an 11 per cent jump on 2011's total.

Sales in the emerging Asia-Pacific market rose by 23.3 per cent, while North American demand advanced by 26.2 per cent, with these increases counterbalancing a 6.5 per cent slump in western Europe.

Top-performing brands include VW, Audi and Porsche, which did particularly well in the US.

Chairman Dr Martin Winterkorn was realistic when considering the months to come and commented: "Tough challenges lie ahead. The Volkswagen Group has everything it takes to face these challenges and to play a leading role on world markets."

At 11:30 GMT, shares in Volkswagen rose by 1.1 per cent in Frankfurt to €166.45 per unit.

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