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VW: #1 Car Company?
Volkswagen is the latest automaker to report its financial performance for the second quarter, and it’s not half-bad considering the global financial collapse. Revenue was down only 7.7 percent for the quarter. And even though profits were down by more than 82 percent, Volkswagen still managed to post an after-tax profit of 251 million euros. That makes VW the healthiest of all the major automakers from a financial standpoint, and it is my candidate to surpass Toyota to emerge as the No. 1 car company in the world in the next few years.
VW LINK: Volkswagen Group - Volkswagen Group generates ?1.2 billion operating profit in H1 2009
Article Link: Episode 196 - VW Posts a Profit, Not Enough Cash for Clunkers, Thank the Jerks - Autoline Daily
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Rick
Nitro Year: 2007 (1 of 113,000 sold)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
Fully-Equipped w/all factory options
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Linear Mode
