Arab Today, arab today vw sees \good chance\ of reaching 10m sales this year
Last Updated : GMT 18:04:51
Arab Today, arab today
Arab Today, arab today

VW sees \'good chance\' of reaching 10m sales this year

Arab Today, arab today

Arab Today, arab today VW sees \'good chance\' of reaching 10m sales this year

Frankfurt - AFP

Volkswagen, Europe's biggest car maker, is set to sell more than 10-million vehicles this year, chief executive Martin Winterkorn said on Thursday. "There is a good chance that we will already exceed the ten million deliveries mark this year –- four years earlier than originally planned," Winterkorn told the group's annual earnings news conference. VW "made a healthy start to 2014," Winterkorn said. In the first two months, about 1.5 million passenger cars and light commercial vehicles were delivered worldwide, a year-on-year increase of 4.7 percent. This year and next year, VW -- with a wide range of brands including Volkswagen, Audi, SEAT, Skoda, Bentley, Bugatti, Lamborghini, Porsche, Scania and MAN -- would launch more than 100 new models, successors and product enhancements, he continued. In 2013, worldwide deliveries rose by 4.9 percent to 9.7 million vehicles. Revenues were up 2.2 percent at 197 billion euros and operating profit reached a record 11.7 billion euros. Bottom-line profit, on the other hand, fell to 9.1 billion euros in 2013 from 21.9 billion euros a year earlier, largely because the 2012 figure had been positively impacted by measures in connection with the integration of sports car maker Porsche. "2013 was an extremely challenging year for European automakers in particular. We weren't helped either by our home market or by exchange rates. Nevertheless, the Volkswagen group put up a strong showing despite the difficult conditions," Winterkorn said. And "in light of the company's continued success, the management board will propose an increased dividend of 4.00 euros per ordinary share and 4.06 euros per preference share," it said. "Despite the persistently challenging market environment," Winterkorn said he was "guardedly confident" about business development in the rest of 2014. "We are expecting a moderate increase in deliveries," he said. Challenges would come from the difficult market environment and fierce competition, as well as interest rate and exchange rate volatility and fluctuations in raw materials prices, Winterkorn said.

arabstoday
arabstoday

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 vw sees \good chance\ of reaching 10m sales this year Arab Today, arab today vw sees \good chance\ of reaching 10m sales this year

 



Arab Today, arab today

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 vw sees \good chance\ of reaching 10m sales this year Arab Today, arab today vw sees \good chance\ of reaching 10m sales this year

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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