VW speeds past forecasts for 1st quarter pretax profit, sales

Article Abstract:

Volkswagen AG posted an increase of 15% in its profits for the 2001 first-quarter to 708 million euros. The car maker also posted a 10% rise in sales for the period to 23.03 billion euros.

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VW expects strong exports to boost profit this year

Article Abstract:

Volkswagen (VW) AG still expected strong exports would help profit to increase this year, despite worries about weakness in Germany and in Latin America. The car manufacturer also said that second-quarter pretax profit increased according to expectations, rising 17% from the year before to Euro805 million.

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VW unit posts slide in pretax profit for '98, but remains upbeat

Article Abstract:

The commercial vehicle unit of Volkswagen AG reported a 18% decline in its pretax profits for 1998. However, the unit expressed more optimism for the next few years. In the first two months of 1999, deliveries have fallen. In 1998, the unit posted 459 million marks ($255.5 million). In 1997, it posted 559 million marks in profits. The unit's sales increased by 9.3% to 8.3 billion marks.

Comment:

Commercial vehicle unit reports 18% decline in its pretax profits for 1998

Motor Vehicles, Automobile and Light Duty Motor Vehicle Manufacturing, Abstract, Transportation equipment industry

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