2012 Model Scanıa

2012 Model Scania, CloseDiggRedditTumblrPermalink Volkswagen defied the gloom in Europe and cemented his status among the global leading the automotive industry, reporting record results and say that it 75 years, more than eight million vehicles sold last year for the first time in its history.

«Go» VW, the top European car manufacturers, to your portfolio profit said € or $20.6 billion 15.4 billion more than doubled. Sales rose nearly 26 percent to 159 billion €.

Profit before tax rose to 18.9 billion € €9 billion. Profit by "positive" of investments and the evaluation of its Porsche options was helped, VW said.

The German company said unit sales rose by almost 15 per cent from 2010 to 8.3 million vehicles, led by the brands of Volkswagen and Audi. The annual profits, revenue and unit sales all records. VW testified last week that 1.3 per cent a year earlier had received 2012 also a positive start, with rising sales in January.

Volkswagen sales move it to the place no. 2 worldwide, behind General Motors, 9,03 million sold vehicles last year, and above the Toyota engine, was paralyzed by the earthquake and tsunami disaster in March of this year. VW was net profit nearly tripled in the past year the g.m 7.6 billion deserves.

The French car manufacturer Peugeot General Motors, Adam Opel unit lost money on their application and showed this week that they were talking about a connection to try to reduce costs. An another French automaker, Renault, was hardly on their application business profitable.

Fiat, the Italian company still money out of the Chrysler business in the United States, but the Italian company home factories use only about 50 percent of their capacity to make too little money in Europe.

Sergio Marchionne, Fiat's Chief Executive, said the newspaper Corriere della Sera in a published interview Friday that Fiat could have two of its five domestic plants shutter if it could crack the US market with own cars. "Italian factories will survive only if we to America to export," he told the newspaper.

VW offices insulates it to a certain extent by the slumping European car market, which is expected in 2012 for a fifth straight year contract. For example, the company is two sold Chinese joint venture Shanghai Volkswagen and FAW-Volkswagen, up 2.26 million vehicles in 2011, almost 18 per cent from 2010.

But VW also better than most of his colleagues in Europe. In Germany, the biggest bright spot in Western Europe, sales of VW rose by more than 11 percent; in Western Europe, dominant tendency beat without Germany, VW, sell 7 percent more cars, last year as 2010.

"We know the car business is a business scope and scale, and Volkswagen is the only automotive manufacturer in Europe, which has the scale today," said Philippe Houchois, head of European auto industry research at UBS in London. Calculate despite their strengths and the option to premium prices have "Not even BMW and Daimler the same scale."

Pointed out that went by "Years of pain" Volkswagen and high investment to get where it is, Mr Houchois the question was industry for Europe's weaker car players, whether they would have to go through the same cramps.

He said it was somewhat misleading as a mass-market automaker imagine Volkswagen because the company brands are Audi and VW cars, as well as the truck manufacturer MAN and Scania are Porsche, which are more profitable. He said that while the company's overall 2011 operating margin, this figure was concealed a measure of profitability, about 7 percent, the great differences between the Audi Division, with a lead of more than 11 percent, and the Volkswagen Division, which probably was on the order of 4-5 percent.

Volkswagen, based in Wolfsburg, Germany, said that it raised the dividend on shares at €3 €2.20 and preferred stock to €3.06 € 2.26. The figures a first statement posted Friday 2011 results were. On 12 March, detail data will offer in the fourth quarter.

Christine Ritz, a Volkswagen spokeswoman refused to give a breakdown of the contribution to the rake of the equity investments and the revaluation of the Porsche options, say that next month will be provided. However, she noted that the holdings include the China business and buy the contribution from the said Porsche options – a put/call structure give the right to the sports car manufacturer VW – were "on the same order of magnitude", such as the € 6.8 billion the company in September announced figure.

Volkswagen in September said that its Management Board had concluded, that legal hurdles - former including complaints and an investigation of Porsche boss Wendelin Wiedeking by public prosecutor Stuttgart - would prevent that the timely consommation of its planned merger with Porsche. Board Member, it said, but "continue to on the goal of creating an integrated automotive group with Porsche and are convinced that this will happen."

A version of this article appeared in print on February 25, 2012, on page B6 of the New York Edition with the headline: despite the struggles of European car manufacturers, Volkswagen reports record profit.