Arab Today, arab today audi roars ahead in first half of 2012
Last Updated : GMT 03:31:14
Arab Today, arab today
Arab Today, arab today

Audi roars ahead in first half of 2012

Arab Today, arab today

Arab Today, arab today Audi roars ahead in first half of 2012

Berlin - AFP

Audi, the top-of-the-range carmaker owned by German auto giant Volkswagen, said operating profit accelerated powerfully in the first half of the year and stuck to its full-year target. Operating profit rose by 13.2 percent to 2.9 billion euros ($3.6 billion) compared to the same period in 2011, the firm said, registering sales of 25 billion euros, a gain of 16.2 percent. Audi said it delivered 733,237 cars in the first half of the year, 12.3 percent more than in the first six months of 2011. Chief financial officer Axel Strotbek said the firm was keeping to its goal of an operating profit at the same level as last year \"as long as the economic environment does not darken further.\" It said it aimed to deliver more than 1.4 million cars for the first time in the full year. Last week, parent company Volkswagen also delivered upbeat earnings, saying that bottom-line profits in the first half soared by more than a third. VW reported a 36-percent rise in net profit to 8.83 billion euros during the first six months of 2012 and a 23-percent rise in sales to 95.38 billion euros. However, profits at another VW group member, truckmaker MAN, hit the skids as markets in crisis-hit eurozone countries collapsed. Net profits plummeted to 40 million euros compared to 854 million euros in the same period last year. The firm described first half operating profit of 471 million euros, compared to 762 million euros, as \"unsatisfactory.\" It blamed the results on the \"extremely muted state of the global economy and uncertainty among many customers in view of the European debt crisis. \"For example, the overall commercial vehicles market in Spain and Italy, two states that have been hit hard by the euro crisis, contracted by 25 percent and 40 percent respectively,\" the firm said. Nevertheless, over the whole year, MAN said it was sticking to its forecast of a \"slight decline in revenue\" for the group as a whole. MAN employs approximately 52,500 people worldwide.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today audi roars ahead in first half of 2012 Arab Today, arab today audi roars ahead in first half of 2012

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today 17.4m tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4m tourists visit UAE in 2016
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:57 2017 Sunday ,26 February

Huawei wins MRM Business Innovation Award

GMT 08:49 2017 Saturday ,25 February

Shell plans $300 mn investment in Argentina shale

GMT 05:40 2017 Saturday ,25 February

British Airways owner reports profit

GMT 15:19 2017 Thursday ,23 February

Companies' commitment to Bahrainisation quotas praised

GMT 14:48 2017 Thursday ,23 February

Etihad Airways Engineering signs deal with Kenya Airways

GMT 12:25 2017 Thursday ,23 February

Bharti Airtel buys Telenor's India operations

GMT 10:47 2017 Thursday ,23 February

Saudi Aramco may offer discounted shares to citizens
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday