Business / Auto Global

VW sees record sales in 2012, profits up 2%

(Agencies) Updated: 2013-02-25 15:40

Volkswagen posted its highest-ever operating profit last year as gains from record vehicle sales outweighed costs of an engineering revamp.

Group operating profit rose 2.1 percent to 11.5 billion euros ($15.21 billion), the Wolfsburg-based car maker said on Friday, exactly in line with a forecast by 13 analysts in a Reuters survey.

VW increased global deliveries 11.2 percent last year to a record 9.1 million vehicles, mainly powered by demand from the United States, China and Eastern Europe.


We recommend:

VW putting XL1 plug-in hybrid car into production

VW to continue DSG strategy in China

From strength to strength for FAW Volkswagen

VW unveils CrossBlue Concept SUV

Hot Topics

Editor's Picks