First 6 Month Profits For VW Likely To Exceed All Of Detroit Combined

While natural and man-made disasters rattled the globe, Volkswagen, Europe’s largest and by the end of the year most likely the world’s second largest auto manufacturer, reports eye-popping numbers for the first half year of 2011.

Including China, Volkswagen made $13.5 billion in the first half of 2011. How did they pull off that economic miracle?

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veyron1001 - 7/28/2011 10:11:05 AM

+1 Boost

Not surprising.

Joe_Limon - 7/28/2011 10:18:20 AM

+1 Boost

Didn't 009 post a "told you so" article about the economy getting worse? I think that's what it was about, never got all the way through it.

S4quattro - 7/28/2011 10:27:26 AM

+2 Boost

To bad their stock prices havent been doing so well.

I95SPEEDINGTICKETS - 7/28/2011 10:54:53 AM

-3 Boost

Simple.

By keeping their focus on Developing / Emerging Markets and not on the USA / UK / Europe.

The so called Developed Economies have reached a peak in terms of Vehicle Demand and so whichever manufacturer that first switched attention to the Developing Markets will get a nice share of that market.