Business Briefs: VW hits new global sales mark

Business Briefs: VW hits new global sales mark

July 9th, 2014 by Staff Reports and Wire Service in Business Around the Region

VW hits new global sales mark

The Volkswagen brand sold more than 3 million vehicles worldwide in the first six months - a record for the German automaker - even though North American sales fell in the period.

A total of 3.07 million vehicles were sold in the first half of 2014, up 3.8 percent from last year, the company reported. Some 1.39 million units, up 18.5 percent, were delivered in China.

"Developments at Volkswagen Passenger Cars in the first half year were stable thanks to the brand's convincing model range," said Christian Klingler, board member for sales and marketing for the Volkswagen Group, in a statement. "The situation on global markets will remain challenging in the second half of the year and will keep us very much on our toes."

In the United States, sales were 179,100 vehicles, down 13.4 percent.

Chattanooga apartment complex marks opening

Forest Cove Apartments in Chattanooga, a Housing Group development, will mark the opening of its 120-unit complex on Thursday.

Located at 7700 Aspen Lodge Way, Forest Cove is almost full on the leasing of its first building and 30 percent leased for Phase I, which includes five buildings, according to the company.

Forest Cove offers greenery and park space, garages and a discount program for renters with local retailers.