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Volkswagen's net jumps on restructuring gains

Article Abstract:

First-quarter earnings for automobile maker Volkswagen AG more than doubled, due primarily to restructuring efforts and higher car sales. Shares closed at 115.22 euro, sales saw a 5.1% increase to 26.64 bil euro, and net rose from 327 mil euro last year to 740 mil euro this year.

Author: McGrath, Steve
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
Sales, profits & dividends, Company sales and earnings, Company earnings/profit, Financial report

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VW buys Scania stake in $4.37 billion deal

Article Abstract:

Germany's Volkswagen AG has purchased control of Sweden's truck manufacturer Scania AB for $4.37 bil. The deal gives Volkswagen 68.6% of the firm's voting shares, and make signal further consolidation in the worldwide truck sector.

Author: Taylor, Edward, Clevstrom, Jenny
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008
Acquisitions & mergers, Truck and bus bodies, Truck industry, Mergers, acquisitions and divestments, Company acquisition/merger, Sweden, Scania AB, SCV B

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Subjects list: Germany, Automobile industry, Volkswagen AG
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