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Volkswagen Reports Record Profit NYTimes com — Volkswagen 2012

26 Мар 2015 | Author: | Комментарии к записи Volkswagen Reports Record Profit NYTimes com — Volkswagen 2012 отключены
Volkswagen 2012

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VW, the top European automaker, net income more than to €15.4 billion, or $20.6 Revenue soared almost 26 to €159 billion.


Pretax rose to €18.9 billion €9 billion. Profit was by “positive effects” from investments and the valuation of its Porsche VW said.

The German company unit sales rose 15 percent from 2010 to 8.3 vehicles, led by the Volkswagen and Audi The annual profits, revenue and sales were all records. VW last week that had also gotten off to a positive with sales rising 1.3 in January from a year

Volkswagen’s sales move it to the spot worldwide, behind Motors, which sold million vehicles last and ahead of Toyota Motor, was hamstrung by the earthquake and tsunami last March. VW’s net was almost triple the $7.6 G.M. earned last .

Volkswagen’s 2011 showing a sharp contrast with mass-market carmakers in Europe.

The automaker Peugeot and General Adam Opel unit lost money on their operations and revealed this that they were about a tie-up to try to cut costs. French automaker, Renault, was profitable on its carmaking business.

the Italian company, continues to money from its Chrysler in the United States, but the Italian home factories are using about 50 percent of their too little to make money in

Sergio Marchionne, Fiat’s executive, told the newspaper della Sera in an interview Friday that Fiat have to shutter two of its five plants if it was unable to crack the market with its own cars. factories will survive if we export to America,” he told the

VW’s worldwide operations it to some extent from the European auto market, is expected to contract in 2012 for a straight year. For example, the two Chinese joint ventures, Volkswagen and FAW-Volkswagen, together 2.26 million vehicles in up nearly 18 percent from

But VW also did better than of its peers in Europe. In Germany, the bright spot in Western VW’s sales rose than 11 percent; even in Europe excluding Germany, VW the prevailing trend, selling 7 more cars last than in 2010.

Volkswagen 2012

“We know the car business is a and scale business and today is the only carmaker in Europe has that scale,” Philippe head of European auto research at UBS in London, said. their strengths and ability to premium prices, “even BMW and don’t have the same

Noting that Volkswagen through “years of pain” and investment to get where it is, Mr. Houchois the question for Europe’s weaker car players was whether they have to go through the same

He said it was somewhat misleading to of Volkswagen as a mass-market carmaker, the company’s brands include and Porsche, which are more than VW cars, as well as the makers MAN and Scania. He said while the company’s overall operating margin, a measure of was about 7 percent, that disguised the wide variation the Audi division, with a of more than 11 percent, and the VW which was likely on the order of 4-5

Volkswagen, based in Wolfsburg, said it was also raising its on common shares to €3 €2.20, and on preferred shares to from €2.26. The figures Friday were a preliminary of 2011 results. It will detailed fourth-quarter data on 12.

Christine Ritz, a Volkswagen declined to give a breakdown of the to profit of the equity investments and the of the Porsche options, saying would be provided next But she noted that the equity included the China business, and the contribution from the Porsche a put/call structure giving VW the to buy the sports car maker would be the same order of magnitude” as the billion figure the company in September.

Volkswagen said in that its management board had that legal hurdles lawsuits and an investigation of Porsche’s chief executive Wendelin by Stuttgart public prosecutors prevent the timely consommation of its merger with Porsche. members, it said, nonetheless committed to the goal of creating an automotive group with and are convinced that this take place.”

Volkswagen 2012
Volkswagen 2012
Volkswagen 2012

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