With many journalists assuming that Volkswagen AG’s sales would drown in the wake of Dieselgate, going under along with the company’s sullied reputation, swaths of the world media succumbed to a serious case of confirmation bias. Quite the opposite is true: Volkswagen stands every chance to fulfill its biggest corporation-wide dream: VW might finish the year as the world’s largest automaker.
Toyota as of April finds itself some 90,000 units behind Volkswagen. What looks like Toyota weakness is more the result of a self-prescribed diet to make the company leaner than it already is. Worried of a global downturn, which seems to be underway, Toyota has for many years refused to build more car plants.
Read the full story at forbes.com.