Record Demand Causes Volkswagen Profits To Surge 46%

Operating profit advanced to 2.89 billion euros ($4.05 billion) from 1.99 billion euros a year earlier, the Wolfsburg, Germany-based company said today. Profit beat the 2.61 billion- euro average estimate of 15 analysts surveyed by Bloomberg. The shares rose the most in more than two years.

Chief Executive officer Martin Winterkorn is expanding in China and the U.S. in a bid to surpass Toyota Motor Corp. as the world’s biggest carmaker. The German manufacturer has a goal of boosting deliveries 11 percent this year to a record 8 million vehicles. VW stuck to a forecast that 2011 Ebit and revenue will be “significantly higher” than last year.

“VW’s business remains very solid,” said Frank Schwope, a NordLB analyst in Hanover, Germany, who recommends buying the stock. “They’re headed for a massive profit this year. The good performance should continue through the first half of 2012.”

Read Article

Willis - 10/27/2011 7:24:11 PM

0 Boost

You know, Badgewhore, if VWs were of such poor quality and reliability, please explain to me why people keep buying them and keep going back to them for new products and such? Please tell me.

One of the VW brands in Europe, Skoda, has even better reliability and quality ratings than Toyota. And Skoda uses VW mechanicals and electrical systems.

I can turn your crap around and claim that the people buying Corollas are DUMB. Why? Because the competition offers equally high quality cars that are just as if not more reliable and more stylish at that while also driving better. Why on earth anyone buys a Corolla over a more stylish and equally high quality competitor is beyond me.

USNA1999 - 10/27/2011 6:57:04 PM

0 Boost

He cannot read, that is why he is so NARROW MINDED! Probably a Corolla owner.

USNA1999 - 10/28/2011 6:22:22 AM

-1 Boost

Badgewhore2,
You are more ignorant than I thought! Let me make something clear, I own a Lexus LS 460 and my wife a 2008 VW Touareg. We wanted an S-Class but it was clearly more expensive than what we wanted to pay for plus Lexus offered too many incentives that we couldn't pass on.
As for the VW Touareg, I could have bought an ML 350 or a X5 but my wife chose the Touareg. BTW She didn't even considered any Lexus SUV because as she stated "Too many of them on our neighbourhood and in Jacksonville" in other words she is an inconspicuous consumer and yes we can afford much more (My 20 year USN CDR Retirement check easily covers the payments).
The way I see it is too many people in this country acting like they can afford these purchases without really being able to. Have you ever wondered why is this country overwhelmed with debt?
I invite you to come and visit my community, Julington Creek Plantation in Jacksonville, Florida. Everything from Blue Collar to White Collar and quite a bit of VWs and Hyundais in the 1% neighbourhood in JCP.
Now go back and join your OWS friends.

USNA1999 - 10/28/2011 4:04:58 PM

0 Boost

Badgewhore2,
What a classy response! I should have known better by just reading your user name. Are from the ghetto? It seems you have a 3rd grade education, just look at your grammar.
That's it, I am not a real man because I drive a Lexus, maybe I should go back to owning a Benz or BMW, then I will be "real man".
I guess my wife is the only college educated "dumb chick" in my neighbourhood, just my luck. LoL! Love to continue chatting but time is money, it's all about opportunity cost and I think I am getting dumber by just continuing to listen to your imbecile rants.

delan - 10/30/2011 9:46:06 PM

+1 Boost

I honestly can't tell who the bigger douche is in this debate...