Volkswagen Reports 13% Rise In 2011 Passenger-Car Sales

Volkswagen AG

reported a 13% y/y rise in its 2011 passenger-car sales. Volkswagen delivered 5.1 million passenger cars to customers worldwide in 2011. Volkswagen's US deliveries surged 26% to more than 324,000. Volkswagen shares gained 1.48% to close at $28.72 yesterday.