German carmaker Volkswagen says global deliveries increased 6.7 percent in JulyAugust 17th, 2009 Volkswagen global July deliveries increase 6.7 pctFRANKFURT — German carmaker Volkswagen AG said Monday its worldwide deliveries increased by nearly 7 percent in July despite the global recession that has ravaged the sector this year. The Wolfsburg-based company said sales of all brands rose to 556,900 vehicles in July, compared with 521,100 in the same month a year ago.
Germany's BMW and Daimler see July car deliveries fall more than 10 percentAugust 7th, 2009 BMW, Daimler see July deliveries declineFRANKFURT — Germany's Daimler AG and BMW AG said Friday that their worldwide car sales fell by more than 10 percent in July as the global economic downturn curbed demand for luxury autos. The BMW group, which includes the Mini and Rolls Royce brands too, reported a 13 percent year-on-year drop in cars delivered to 110,000 from 126,000 in July 2008.
Germany's VW says 2Q profit down 83 pct to euro283 million on dropping sales amid recessionJuly 30th, 2009 VW's 2Q profit careens 83 pct lower to euro283MBERLIN — Volkswagen AG says its second-quarter net profit plummeted 83 percent as sales of its cars — from Audis to Skodas — slid lower as consumers put off new car purchases worldwide during the recession. The Wolfsburg-based automaker, currently in talks to merge with Porsche SE, said Thursday that it earned euro283 million ($399.14 million) in the April-June period compared with euro1.6 billion a year earlier.
VW: 6-month profit down 81 pct to euro494 million; '09 sales likely lower than 2008July 30th, 2009 Volkswagen says 6-month profit falls nearly 81 pctBERLIN — German automaker Volkswagen AG said Thursday that its six-month net profit slipped nearly 81 percent to euro494 million ($696.7 million) on decreased demand during the recession and that total sales this year will be less than in 2008. The Wolfsburg-based company, whose brands include Audi, VW, Seat and Skoda, earned euro2.5 billion in the first six months of 2008.
Volkswagen: 6-month net profit down 81 percent to euro494 millionJuly 30th, 2009 Volkswagen says 6-month profit falls 81 pctBERLIN — Volkswagen AG, Europe's biggest automaker by sales, says its six-month net profit slipped 81 percent to euro494 million ($696.7 million) on falling sales, adding that it expects revenue in 2009 to be lower than last year. The Wolfsburg-based company, which is in the process of merging with Porsche SE, did not immediately provide second-quarter figures.
Germany's VW says Q2 profit down 83 pct to euro283 million on dropping sales amid recessionJuly 30th, 2009 VW's Q2 profit careens 83 pct lower to euro283MBERLIN — German automaker Volkswagen AG said Thursday that its second-quarter net profit plummeted 83 percent on lower sales of its cars — from Audis to Skodas — as consumers around the world put off big purchases during the recession. The Wolfsburg-based automaker, currently in talks to merge with Porsche SE, said it earned euro283 million ($399.14 million) in the April-June period compared with euro1.6 billion a year earlier.
Germany's VW says Q2 profit down 83 pct to €283 million on dropping sales amid recessionJuly 30th, 2009 VW's Q2 profit careens 83 pct lower to €283MBERLIN — German automaker Volkswagen AG said Thursday that its second-quarter net profit plummeted 83 percent on lower sales of its cars — from Audis to Skodas — as consumers around the world put off big purchases during the recession. The Wolfsburg-based automaker, currently in talks to merge with Porsche SE, said it earned €283 million ($399.14 million) in the April-June period compared with €1.6 billion a year earlier.
German carmaker Volkswagen increased global car market share to 12 percent in first half 2009July 24th, 2009 Volkswagen increases market share in first halfFRANKFURT — German carmaker Volkswagen AG said Friday it was able to increase its global car market share during the first six months of the year despite difficult operating conditions. The Wolfsburg-based company said its market share for the January-June period increased to 12 percent from 9.9 percent in the first six months of 2008, despite selling less cars because of the recession.
Germany's BMW, Daimler see month-on-month sales improve, cautiously optimisticJuly 7th, 2009 German luxury car makers see sales dips narrowFRANKFURT — German luxury carmakers BMW and Daimler said their June sales slipped lower from a year ago, but the overall decline slowed. Both companies said they were cautiously optimistic that market may start to improve sooner than later.
German carmakers BMW, Audi say May sales are down, but the news isn't all badJune 8th, 2009 BMW, Audi say May car sales fell, but less sharplyFRANKFURT — German carmakers BMW AG and Audi AG both said Monday that sales fell in May compared to a year earlier, but noted that the slump in the auto market was not as bad as in previous months. Audi reported a 6 percent drop in May, to 82,800 vehicles, while BMW said its sales fell 18 percent to 109,042 vehicles.
Volkswagen revises 1st-quarter net profit, now down 72 percentApril 29th, 2009 Volkswagen: 1Q profit down 72 pctFRANKFURT — Volkswagen AG, Europe's biggest carmaker by sales, said Wednesday that its net profit was down 72 percent in the first quarter as global demand for cars fell — a slight improvement on the preliminary figure it reported earlier this month. Wolfsburg-based Volkswagen said its net profit fell to euro263 million ($347 million) in the January-March period, down from the euro929 million it earned a year earlier.
Germany's Audi sees 29 percent drop in 1st-quarter operating profit as sales fallApril 27th, 2009 Audi 1Q operating profit down 29 percentFRANKFURT — German luxury carmaker Audi AG said Monday that its first-quarter operating profit fell by 29 percent as the global economic crisis ate into sales. Ingolstadt-based Audi said its operating, or pretax, profit was down to euro363 million ($479 million) in the January-March period from euro514 million a year earlier.
German carmaker Volkswagen's first quarter net profit falls 74 percent to euro243 millionApril 22nd, 2009 Volkswagen first quarter profit down 74 percentFRANKFURT — German carmaker Volkswagen AG said Wednesday net profit plummeted 74 percent as the world economic crisis cut into demand for its cars and trucks, especially in the U.S. market. Sales rose however in emerging markets such as China and Russia — and in its home market of Germany, thanks to a government program that pays people to scrap old cars and buy new ones.
Volkswagen commits to 2010 Dakar rallyMarch 8th, 2009 WOLFSBURG - Dakar champion Volkswagen said that they would be entering the 2010 Dakar rally. The German car manufacturer finished one-two in this year's race, which was held in Argentina and Chile and will again be staged there next year.
Volkswagen shares up after Porsche takes majority stakeJanuary 5th, 2009 STUTTGART - Volkswagen (VW) shares rose sharply Tuesday, a day after sports carmaker Porsche announced it had acquired a majority stake in its German rival. VW shares climbed to 287.09 euros ($384) on the Frankfurt Stock Exchange, up 12.7 percent from Monday when Porsche disclosed it had increased its stake in Europe's biggest carmaker to 50.76 percent.
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