Volkswagen's sales slide in China

Article Abstract:

Volkswagen AG of Germany has posted good first quarter results, net profit increased to $70 million Euro ($91 million) from $26 million Euro a year earlier but overall revenue fell 2.4 percent to $21.1 billion. Sales are down in the home market of Germany, also in China and old designs are stagnating the North American market. The end of year financial target is forecast as being difficult to meet.

North America, Labor Distribution by Employer, Statistics

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Volkswagen profit surges, but job cuts loom

Article Abstract:

Volkswagen AG of Germany posted a 61 percent surge in profit to 1.12 billion Euros ($1.34 billion) in 2005 from 697 million Euros in 2004. Revenue increases are due to booming sales in Western Europe and a production cost cutting program. The automobile giant is planning a broad restructuring that may cut up to 20,000 jobs.

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Volkswagen's net jumps fourfold, helped by car sales, China profit

Article Abstract:

Volkswagen AG of Germany posted soaring first quarter net profit up to 327 million Euros ($409.9 million) from 70 million Euros last year. Sales were driven by sales in China, offsetting more losses in North America.

Company overview

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