Volkswagen increases its global market share to 11.7%

Volkswagen AG was able to increase its market share to 11.7% in the first nine months of the year compared to a 10.0% share for the same period last year. VW said that contributing to this increase is the push it got from government-funded subsidies and tax breaks in Germany , Brazil and China — three of its key markets.No. 1 Toyota Motor Corp. and No. 2 General Motors Co., ranked in terms of global sales, are both losing unit sales in this recession, says Autonews. VW, the third largest carmake