Volkswagen targeting revenue rise in 2012 Yahoo Finance — Volkswagen 2012

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Volkswagen 2012

Volkswagen targeting another rise this year challenging European conditions

(AP) — Volkswagen AG, biggest carmaker by sales, Monday it was targeting a further in deliveries and revenues in 2012 difficult trading conditions in European countries.


Volkswagen, overtook Japan’s Toyota year to become the world’s biggest car company by total behind General Motors, nearly 8.3 million vehicles year, a 14.7 percent from the previous year’s In doing so it pushed above 8 for the first time ever as as overtaking Toyota, whose chain was hit by the devastating earthquake and a year ago.

The company also said it to increase deliveries again in helped by new models across the which includes brands as SEAT, Bentley, Lamborghini, and It also said it expects revenue, though it gave no figure.

Volkswagen said its goal for profit this year is to last year’s euro11.27 and that cost controls play a key role in the face of an stiff competition in a challenging environment, especially in certain countries. A number of European are heading for recession in light of the crisis that’s been the single currency zone. Germany, Europe’s richest has not been immune. In the final months of 2011, it contracted by a rate of 0.2 percent.

Volkswagen shares were 2 lower at euro139.95 in early Frankfurt trading.

The company’s update came as it confirmed full-year figures, which earnings in 2011 were by accounting factors related to the stalled takeover of Porsche. For the year, Volkswagen net earnings hit billion, more than the previous year’s figures. rose 26 percent to euro159.34

Volkswagen 2012

Fourth-quarter revenues rose by a to euro43.06 billion from billion but net earnings fell 32 against the same period year to euro2.16 billion billion). It didn’t detail for that change.

The company’s full-year performance helped double CEO Martin Winterkorn’s

In its annual report, VW said it totaled euro17.46 million, with euro9.33 million in The rise was fueled by an increase in bonus to euro11 million euro4.8 million.

The eight-member management board’s remuneration increased to euro70.59 from the previous year’s million — more than the total in bonuses.

Volkswagen AG Toyota

Volkswagen 2012
Volkswagen 2012
Volkswagen 2012
Volkswagen 2012
Volkswagen 2012

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