Volkswagen has dreams to be the world’s top carmaker, and it’s not just the figures that are on the up, their coffers are pretty stuffed too. The VW Group has just issued an ad hoc release which reveals key figures for the first nine months of 2010, and they are doing very well.
The Group, which consists of nine brands, recorded an increase in operating profit by 3.3 billion euros compared to the January-September 2009 period to 4.8 billion euros this year. Profit before tax increased by 4.4 billion euros to 5.4 billion euros, which the company attributes to positive effects from equity-accounted investments and from measurement of put/call rights relating to Porsche GmbH at 863 million euros.
Strong demand for its cars were responsible for the profit jump. Group deliveries to customers went up 12.9% year-on-year to 5.4 million vehicles, or about 11.6% of global market share. The Group performed well in China, Western Europe, North and South America. Slower growth is expected for the final quarter of 2010, but all figures are on track to beat last year’s, while the exchange rate will continue to have a positive effect on earnings.
“In the fourth quarter of 2010, the Volkswagen Group’s nine brands will again unveil key new models, thus systematically extending our position in the global markets. We therefore continue to anticipate that our deliveries to customers will be significantly higher than in 2009, due among other factors to the positive business growth in China,” the statement read.
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That shows a quality car company that listens and build cars that people need will do well.
great for vw but it took 9 car brand to defeat 3 car brand from toyota (2 of them r for niche market scion for north amerika n lexus for luxury market)…but i hope proton can be as good as them in quantity, quality and profit in the future
Aren’t Daihatsu and Hino (Lorries) Toyota companies too?
daihatsu and perodua :)
we can ignore Hino because they’re talking about passenger cars only.
subaru also…
scion and lexus is just a brand but underneath still toyota cars. different only badging. yaris / vitz sedan is very popular in US under brand scion.
Nine brands:
Audi
Lamborghini
Bentley
Bugatti
SEAT
Škoda
Volkswagen
Volkswagen Commercial Vehicles
Scania
Two of the nine brands are commercial… Scania and Volkswagen Commercial. Three (Lamborghini, Bentley and Bugatti) don’t add much in numbers because they only build a few hundred. Bugattis are sold at a loss… they just make them to show off what they can do!
So it’s really 4 mainstream brands VW, Audi, Seat and Skoda. Seat and Skoda make up around 1.1 million of the groups 6 million output (5.5 million cars).
So while they obviously sell lower numbers than Toyota or GM they definately are more profitable and efficient… so that bodes well for them
A demise sign for T brand……
Innovation is another contributor to their success.
Wondering the result if they manage to ink a deal with Proton last time.
VW would have 10 brands
VW Group ftw!!!!
Go VW, go VW…kicks Toyota’s ass
VW, world’s local car
I hope one day they will assemble the entire range they are selling in Malaysia and compete them against the Japanese. The Japanese cars really need a wake up call, engine, gearbox and chasis technology too far behind Europeans. Worse still some consider themselves premium in Malaysia.
I think it is about time for Proton to take over Volkswagen…, just like Porsche tried few years back..
GET A GRIP OF REALITY,n suck it REAL HARD.VW didnt become what it is today by being a so called petty minded glocal company which we all know as PROTON
In the current state of affairs, you are talking about “Proton to take over Volkswagen” ?
wow, delusional !
@TalkSense & JEDI, why so serious? LOL! Chill …
vw the best..wolfsburg too lol
Congrats VW!! time to take over the world!!