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Volkswagen forecasts stagnating operating profit in 2013


Volkswagen AG forecasts that operating profit this year will match last year's level, as the shrinking auto market in Germany affects earnings. Earnings before interest and taxes, which rose 2.1 percent to 11.5 billion euros in 2012, probably won't increase this year, VW said today in a statement. “Volkswagen is not completely immune to the intense competition and the far-reaching crisis ...
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Germany’s passenger car market shrinks, orders from abroad rise
192,100 passenger cars were newly registered in Germany last month, nearly 9 percent less than in January 2012. While new registrations of imported cars fell almost 16 percent, domestic sales of ...
Germany’s new car registrations down 8.5 percent in January
New car sales in Germany are dropping, reflecting declines in other key European regions. New registrations in Europe's largest auto market fell 8.5 percent in January to about 192,000 vehicles, the ...
Volkswagen starts taking orders for the Jetta Hybrid in Germany
Volkswagen announced it is beginning to take advance orders for the new Jetta Hybrid in Germany. Powered by a 1.4-liter TSI turbocharged petrol direct-injection engine (150 HP) and an electric motor ...
Germany new car sales to shrink 3 percent in 2013, VDA forecasts
New car sales in Germany could fall to the second-lowest level in more than two decades next year, according to industry association Verband der Automobilindustrie (VDA). At a press conference in ...

latest automotive news
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