Monday, March 12, 2012

Volkswagen Is World’s Largest Automaker – By Profits

The podium was all smiles when Volkswagen reported an unheard-of profit of €18.9 billion ($24.8 billion) before tax, which turned into €15.8 billion ($20.7 billion) after the taxman got his €3.1 billion share. When Volkswagen announced this today in the annual results press conference, there was one man, who grinned even more than anybody else.

That man was Stefan Winter. He is a reporter of the Hannoversche Allgemeine. He reported a month ago that Volkswagen would have a €16 billion profit. And he was right. The world's second largest automaker in volume definitely is the largest in profits. For details, the annual report is available here.



from The Truth About Cars http://www.thetruthaboutcars.com




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