Car lovers, in spite of the demanding environment in Europe market, the Volkswagen Group had capability to raise its worldwide sales by 12.4 percent to 4.6 million cars in the first six months of this year.
Well, in doing so, the Group’s share of the global passenger car market increased 0.1 percent to 12.4 percent.
As we heard that, in the second quarter of the year, the German automaker’s operating profit increases 3.4 percent to €3.28 billion (US$4 billion). You know, it showed signs of slower growth as the company had stated a first-quarter rise of 10 percent.
Car lovers, in the first six months of 2012, in general this Volkswagen Group’s operating profit was up to6.7 percent to €6.5 billion.
CFO Hans Dieter Pötsch says that against a background of economic uncertainty, their performance so far, their improving cost structures, their flexible production and their technology leadership in many areas mean that they are well fitted to meet the challenges facing them. Moreover, he also adds that more than ever before, their sound financial position is paying off.
Car lovers, in H1/2012, the VW passenger car brand sold 2.4 million cars, a growth of 9.5 percent over the prior year period, with the Fox, Tiguan, and Touareg. On the other hand, the Sharan models record the highest increase rates.
As we know, from January to June 2012, the group’s Audi brand delivered 678,000 vehicles. Furthermore, the Chinese joint venture FAW-Volkswagen was able to sell a further 166,000 Audi cars.
Well, Skoda was able to sell 493,000 units in the first six months of the year, up 8.4 percent over the same period in 2011 as stated in the preceding report.
On the other side, Seat announced a 16.0 percent year-on-year increase in sales to 218,000 vehicles worldwide. However, in its home market of Spain, there is a continuing decline in demand.
Moving to Bentley, luxury carmaker in the first half sold around 5,000 cars, an increase of 47.8 percent compared with the previous year.
Car lovers, back to Volkswagen, as we heard the VW Commercial Vehicles brand was able to 228,000 cars in the same time, up 4.8 percent on the preceding year.
This company expects to at least match last year’s record operating profit of €11.3 billion (US$13.9 billion) as said by Martin Winterkorn, VW Group CEO. Moreover, he adds that they expect to reach their goals for the year as a whole.