Volkswagen Group exceeds 2010 profit in Jan-Sept of current year

Friday, 28 October 2011 14:20:30 (GMT+3)   -  
SteelOrbis News

Europe's largest automaker Volkswagen Group has released its results for the first nine months of the current year. Accordingly, Volkswagen Group has recorded a greater profit in the first nine months of 2011 than in the whole of 2010. Operating profit rose to €9.0 billion in January-September this year, up from €7.1 billion 2010. This operating profit does not include the group's share of the operating profit from its Chinese joint ventures.
The Volkswagen Group strengthened its position in the automotive markets, recording a 14.1 percent increase in vehicle deliveries to 6.2 million, from 5.4 million in January-September 2010. Its global market share climbed to 12.4 percent, from 11.6 percent in the same period of the previous year, while its sales revenue increased by 25.6 percent year on year in the first nine months to €116.3 billion.
"Our strong business performance shows the strength and stability of our strategy", said Prof. Dr. Martin Winterkorn, chairman of Volkswagen AG. He added, "We shall continue to launch fascinating new models onto the market in the coming months and hence expand Volkswagen Group's strong position in the global markets."

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