VW chief in US sees 'limited growth' until new SUVs arrive

Detroit

VOLKSWAGEN AG expects "limited growth" in the United States over the next two years and will focus on defending the market share it has, the top executive for the region told Reuters, suggesting the German carmaker will fall short of an ambitious 2018 sales target.

VW's US chief, Michael Horn, downplayed the importance of hitting annual US sales of 800,000 vehicles by 2018, a goal VW chief executive Martin Winterkorn has held to despite slumping US sales for the brand over the past two years.