Mexican Media Brands
Volkswagen’s Operating Profit Soars
Volkswagen AG reports its operating profit jumped 20% to €2.8 billion ($3.8 billion) in the third quarter in spite of a 4% drop in revenue to €47 billion ($64.5 billion).
#economics
Share
Volkswagen AG reports its operating profit jumped 20% to €2.8 billion ($3.8 billion) in the third quarter in spite of a 4% drop in revenue to €47 billion ($64.5 billion).
Net profit dropped 78% to €2.8 billion because earnings in the third quarter of 2012 benefitted from VW's consolidation of Porsche AG results.
The group sold 2.37 million vehicles worldwide, up 2%. Sales through the first nine months of 2013 grew 4% to 7.2 million units. The company reiterates that its expects flat full-year operating profits and an unspecified increase in revenue.
RELATED CONTENT
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
on the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .