Reuters reported that Volkswagen has lowered its outlook for global automotive market growth next year.

Mr Martin Winterkorn CEO of Volkswagen told reporters at the Frankfurt auto showthat “It may only be 64 million in 2012 and not the 66 million, but it still represents growth over 2011.”

Volkswagen sees global car market volume at 61 million to 62 million vehicles this year.

(Sourced from Reuters)