Volkswagen February Global Sales Surge 15% y/y

Volkswagen AG VLKAY reported a 15% y/y rise in its global sales in February. Volkswagen sold 642,300 vehicles in the month. In the first two months of the year, Volkswagen delivered 1.29 million vehicles, a rise of 7.7% y/y. Volkswagen sales in Germany climbed 3.2% y/y to 162,300 vehicles in the January to February period. However, its sales in Europe rose 1.3% to 532,700 units. In the first two months of the year, Volkswagen sales in the North America surged 26% to 110,100 units. Volkswagen shares closed at $34.10 yesterday.