We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
RSS FeedFinancial Planning

VW posts record gains despite uncertainty in western Europe


Car manufacturer boosted by performance in China, the US and Russia

Article comments

Volkswagen sales in western Europe declined, but growth in other markets led to record gains in the first quarter, it announced on Friday.

Europe's biggest car manufacturer said growth in North America, China and Russia offset uncertainty in western Europe.

China was the company's biggest market and it posted a 15.6 percent gain to 633,900 units while sales in western Europe excluding Germany dropped 4.7 percent to 507,100 autos.

Overall, sales of brands including luxury division Audi and Czech mass market manufacturer Skoda increased 9.6 percent in the first three months of 2012 to 2.16 million units. Deliveries in March alone rose 12.5 percent to a record 862,700.

Deliveries of passenger cars and sport-utility vehicles gained 24.5 percent in North America with deliveries in the United States alone surging 34 percent.

"Uncertainty continues particularly on the markets in western Europe," VW sales chief Christian Klingler said in a statement published on Friday.

This comes the same week BMW reported record growth.

Photo credit: Reuters

Share:

Recommended Articles

Comments

VW posts record gains despite uncertainty in western Europe
Financial Planning

Could CFOs do more to boost shareholder value?

Could CFOs do more to boost shareholder value?

Working capital improvements start to pay off, but more could be donemore ..


Amazon slashes Fire Phone price ahead of iPhone 6 launch

Amazon today slashed the price of its three-month-old Fire Phone to 99 cents, an obvious bid to boost slow sales.more ..

Betfair mobile revenues spike during 'record' quarter

App use grows by 162 percent during World Cup periodmore ..

Samsung acquires cloud printing company PrinterOn

The acquisition aims to boost Samsung's business-to-business mobile offeringsmore ..

Can finance rise to the challenge of major transformation?

Outdated finance processes, systems and competencies leave too many questions unansweredmore ..

Budget: What business wants

CFOs are keen for the chancellor to avoid any uncertaintymore ..

Send to a friend

Email this article to a friend or colleague:


PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.



In Depth
Can finance rise to the challenge of major transformation?

Can finance rise to the challenge of major transformation?

Outdated finance processes, systems and competencies leave too many questions unanswered more ..

In Depth
Interim CFO or consultant? The pros and cons

Interim CFO or consultant? The pros and cons

Ed Harding offers an insight into the life of an interim CFO and the advantages in driving transformation more ..

Advertisement

* *