Sales revenue has risen for Volkswagen over the first three quarters of this year.
A solid performance has been reported by the Volkswagen Group for the first nine months of this year.
The carmaker revealed that its share of the passenger car market has increased year on year to reach 12.7 per cent for the nine-month period, which is slightly up on the 12.6 per cent reported last year.
Despite the ongoing difficult market environment, it was shown that the brand was able to achieve a sales revenue increase from €144.2 billion (£123 billion) to €145.7 billion over the period. This is of particular note due to the negative effects associated with the market situation in Europe and exchange rates.
It was found that overall operating profit for the brand reached €8.6 billion in the timeframe, which was slightly down on the €8.9 billion posted for the same period last year.
Following the publication of the results, the company's board of management reiterated its forecast for this fiscal year, explaining that the forecast remains unchanged at present. Professor Dr Martin Winterkorn, chairman of the board of management of Volkswagen Aktiengesellschaft, said: "The goals we have set ourselves for the current fiscal year are very ambitious given the extremely difficult economic environment.
"But, as before, we are standing by these goals. I am convinced that 2013 will be a solid year for the Volkswagen Group thanks to our outstanding model range and broad global presence."
Hans Dieter Potsch, chief financial officer at the company, expressed his confidence that the strategy being undertaken by the group is the right one to follow, especially considering the developments that are expected to take place in the automotive markets in the future.
Mr Potsch explained the brand is placing particular emphasis on disciplined cost and investment management, in addition to process improvement across the board.
It is hoped that going down this path will help the group become increasingly competitive going forward, with this being helped by the manufacturer's "outstanding products".
By George Davis