VW 'back on track' thanks to record deliveries in 2016

Positive 2016 sales results have given Volkswagen Group new momentum, thanks to its speedy expansion in the Chinese market. But, the automaker also reported shrinking profits as heated competition dragged down market prices.

Despite its ongoing diesel emissions issues, the carmaker set a new record for deliveries in 2016.

It exceeded expectations by shifting 10.3 million vehicles worldwide, including 4 million sales in China, a 12.2 percent increase on the previous year.