Volkswagen of America Inc. today reported that 2011 sales were the best in nine years, helped by an strong increase in sales of the Chattanooga-built Passat.
Total VW sales in the Unites States last year were 324,402 units, a 26.3 percent increase from 2010 and the best since 2002, the company announced.
Passat sales soared in 2011 with 22,779 units sold, a 124 percent increase from 2010.
Watching Fox news at the gym every morning is good motivation for burning calories, but I always need a reality check when I get to work.
Here’s a dose of reality that I didn’t see on Fox this morning:
Ford posts best 1Q profit in 13 years
UPS raises 2011 forecast as 1Q profit soars
Consumer Confidence Index rises in April
Together, these reports indicate that consumers are willing to spend, they’re feeling somewhat better about job creation and businesses are reaping the benefit.
Highlights from the Rant$ and Rave$ blog roll:
As if U.S. auto makers didn’t have enough trouble, China appears ready to push its way into the global auto market.
The Curious Capitalist describes what Chinese auto maker Geely’s purchase of Volvo from Ford really means.
Barron’s Stocks To Watch talks about gold, oil, inflation and the U.S. Treasury announcement that it will sell its Citigroup shares this year.