VW Rakes In Over $5 Billion Profit In The Second Quarter

Volkswagen Group said group operating profit more than doubled in the second quarter, helped by cost cuts and higher-margin new models at its core VW brand.

Earnings before interest and tax jumped to 4.55 billion euros ($5.34 billion) from 1.90 billion a year earlier, VW said in a statement on Thursday.

"I am firmly convinced that our financial footing is adequate to cope with the transformation in the automotive industry and topics of the future," finance chief Frank Witter said in the statement.

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vdiv - 7/27/2017 10:35:00 AM

+1 Boost

So, making fewer diesels and more plugins is actually profitable?!
Who would have thunk it... ;)

atc98092 - 7/27/2017 12:29:53 PM

+2 Boost

Other than the E-Golf, where are the plug-ins? I would have loved the new Tiguan to be one.

MDarringer - 7/27/2017 12:42:39 PM

+1 Boost

Indeed. With the Atlas and Tiguan NOT showing up with a PHEV option from the get go is a serious stumble. The sooner crossovers and other large vehicles go PHEV the better.

vdiv - 7/27/2017 1:51:43 PM

+2 Boost

They are around, some in Europe.: E-Up!, Golf and Passat GTE, A3 eTron, Panamera and Cayenne S-E Hybrids.

scenicbyway12 - 7/27/2017 2:32:48 PM

+2 Boost

How can you trust the numbers, I Volkswagen after all.