While most European mass car manufacturers improved profits in the third quarter on the back of generous car scrapping subsidy schemes, Volkswagen went into reverse. VW’s net income slid to €172 million in 2009’s 3rd quarter from €1.2 billion a year earlier. Sales fell to €26 billion from €28.9 billion. VW said earnings for the whole […]
Tag Archives | Volkswagen
VW Profit Juggernaut Rumbles On, As The Rest Stumble
But Predatory Pricing May Damage Residuals, Future Profits Asians, French The Main Victims Of VW Success German Sales To “Collapse” in 2010 Volkswagen managed to weather the economic storm in the second quarter, increasing market share and remaining in the black, just; but investors worry that sales in Germany will plunge next year when scrapping […]
Just How Much Is Porsche Worth?
VW-Porsche Move Closer To Merger. Estimate Of Porsche Value Varies By Up To €4 billion. Cayenne-VW Sweetheart Deal Made Much Money For Porsche. Some of the uncertainty has been removed about the future of Volkswagen and Porsche as they move closer together, but there are still plenty of questions to answer; try this one – […]
VW Market Share Drive Causing Pain Elsewhere
VW is trying to gain market share aggressively. It hurts profits but also significantly further weakens less financially solid competitors. Volkswagen’s drive for market share is weakening its profits, but also probably causing more damage to its competitors, according to Nomura International. Nomura expects VW to remain profitable in 2009, unlike most its competitors, and […]
VW, Porsche To Become “Integrated” Car Maker
In The Real World, Porsche Will Be Another VW Brand. Crushing Debt Burden Forces Porsche To End Quixotic Pursuit Of VW. Final Structure For Merger Expected Within A Month. You could call it a bridging loan too far. Little Porsche’s ambitious, some would say outrageous, 3-1/2 year attempt to take over the massive Volkswagen has […]
Porsche Fixes €10 Billion Loan; Investors Ponder VW Move
Extra Funds Raises Possibility Of 75 Per Cent Bid. Consensus Suggest Porsche Will Stay At 51 Per Cent. Investors breathed a sigh of relief when luxury sports car maker Porsche finally negotiated the terms of a massive, €10 billion loan, but aren’t convinced it will use the money to raise its stake in Volkswagen to […]
VW Battens Down Hatches After Record 2008
Losses Expected For First Quarter, Maybe Second Quarter Too. Volkswagen managed to stave off the effects of the credit crunch longer than most, but is resigned to a testing time in 2009. It was the best of times for VW in 2008, with operating profit of €6.3 billion. Sales revenue rose 4.5 per cent to […]