volkswagen reports growth
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Q1 figures released

Volkswagen reports growth

Arab Today, arab today

Arab Today, arab today Volkswagen reports growth

VW representatives are cautious about the figures
Wolfsburg - Arabstoday

VW representatives are cautious about the figures Wolfsburg - Arabstoday The Volkswagen Group further strengthened its position in the global markets in the first three months of fiscal year 2013, despite the challenging conditions and intense competition. Including China, deliveries increased by 4.8 percent to 2.3 million vehicles worldwide. The Group’s share of the global passenger car market rose year-on-year to 12.6 percent (12.2 percent). "We made a healthy start to the year, but the coming months will be anything but easy. The current environment is definitely a tough challenge for the entire industry," said Professor Dr Martin Winterkorn, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, in Wolfsburg on Monday. "The Volkswagen Group’s strong, broad positioning is our greatest strength. And this is paying off, particularly when times are difficult," stressed Winterkorn. Sales revenue in the first three months amounted to €46.6 billion (€47.3 billion). Operating profit was down on the high prior-year level at €2.3 billion (€3.2 billion). The consolidated operating profit does not include the €1.2 billion (€848 million) share of the operating profit of the Chinese joint ventures. These companies are included using the equity method and are therefore reflected in the financial result. Profit before tax amounted to €2.7 billion (€4.2 billion). The prior-year figure had been positively influenced by the remeasurement of the Porsche options. Profit after tax was €1.9 billion (€3.1 billion). CFO Hans Dieter Pötsch was guardedly confident. "The Volkswagen Group has an attractive product range. It is present in all major regions of the world, it is extremely innovative and it has the necessary financial solidity and strength. Nevertheless, given the uncertainty of the current economic environment, we will continue to strive for a high degree of flexibility and stick to our disciplined cost and investment management in order to reach our goals."  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

volkswagen reports growth volkswagen reports growth

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

volkswagen reports growth volkswagen reports growth

 



GMT 06:46 2017 Wednesday ,04 October

Pope to bless icon for Holy Family Journey to Egypt

GMT 15:51 2017 Tuesday ,22 August

FVP informed on arrangements for Sudan in meetings

GMT 04:55 2016 Monday ,03 October

Alec Baldwin nails it as Trump on ‘SNL’

GMT 21:15 2017 Tuesday ,19 September

Security forces intensify their presence in Kirkuk

GMT 03:39 2017 Saturday ,30 September

Al Jawaheri economic improvement

GMT 10:29 2018 Saturday ,06 January

Siniora meets German Ambassador

GMT 06:27 2017 Tuesday ,26 December

Embassy in Russia marks National Days

GMT 19:06 2017 Thursday ,05 January

Moral policing in Maharashtra, too

GMT 11:49 2017 Wednesday ,26 April

OIC Condemns Attack on Military Base in Afghanistan

GMT 18:35 2017 Monday ,27 February

UK foreign secretary leaves Egypt
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday