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Volkswagen earns $2.5B in rock-solid first quarter
Volkswagen has announced very impressive first quarter profits of 1.7 billion 欧元($2.5 billion USD based on current exchange rates). That's more than three times the profit the Volkswagen Group earned in the first quarter of 2010, as revenue climbed 31 percent to 37.5 billion欧元 ($55 billion USD.). Profit from ongoing operations came in at an even more impressive 2.91 欧元billion ($4.26 billion USD). In total, VW managed to move a record two million vehicles in the quarter, up 14 percent versus Q1 2010.
A big reason for VW's stellar sales is the automaker's continued success in China, where deliveries were up 20 percent on the quarter. VW says that it made 557 million 欧元($817 million) from Chinese operations.
A 14 percent increase in global Audi sales also helped the bottom line, bringing in 1.1 billion 欧元($1.6 billion). The Volkswagen Group reports Audi sales of 374,000 vehicles for the quarter. Interestingly, Audi brought in the same amount of money as the larger Volkswagen brand, which also brought in 1.1欧元 billion.
VW has been spending big to expand and improve its lineup, but the German automaker's profits have helped keep the cash coffers stocked. The automaker currently has 19.6 billion 欧元in liquid cash ($29 billion in U.S. dollars), up 1 billion欧元 from the end of 2010. Hit the jump to read over the VW press release.
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发表于 2011-4-28 00:21
发表于 2011-4-28 09:14
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楼主
kao，劳资一句也看不懂