GasBuddy News Article

votes

Stronger sales, weaker euro good news for VW

AFP -- by Etienne Balmer and Francois Becker

FRANKFURT (AFP) – Volkswagen, Europe's biggest automaker, benefited from strong sales and favourable exchange rates as it posted Thursday a second quarter profit more than four times the previous year's figure.

VW's net profit of 1.25 billion euros (1.6 billion dollars) towered over the 283 million euros earned in the second quarter of 2009 and easily beat

Read the Full Article

Submitted Jul 29, 2010 By: coupster

Back To News

Category: Daily News Article Discussions > Topics	Add to favorite topics Post New Topic

Author	Topic: Stronger sales, weaker euro good news for VW	Post a Reply Back to Topics

REPLIES (newest first)

runout9 All-Star Author New Jersey Posts:572 Points:451,125 Joined:Dec 2008	Message Posted: Jul 30, 2010 3:58:37 AM Ignore runout9 Report Abuse A very diversified company on a growth mission.
fuelconscious All-Star Author Los Angeles Posts:670 Points:238,570 Joined:Jan 2008	Message Posted: Jul 30, 2010 12:59:41 AM Ignore fuelconscious Report Abuse Yes the VW Golf/Jetta/Beetle is an American car assembled with at least 85% north american content in mexico. After all Mexico is part of North America. However I still don't understand why VW prices these cars at a premium price compare with Toyota and Hyundai.
Huskersed All-Star Author Atlanta Posts:514 Points:265,760 Joined:Nov 2008	Message Posted: Jul 30, 2010 12:18:33 AM Ignore Huskersed Report Abuse They build good diesel cars, one of the best in the industry.
POLELANE Champion Author Ohio Posts:6,351 Points:723,220 Joined:Mar 2008	Message Posted: Jul 29, 2010 7:15:09 PM Ignore POLELANE Report Abuse volks wagons are made in Mexico; that is part of America last time I looked.
weshyatt Rookie Author Memphis Posts:52 Points:33,650 Joined:Jun 2006	Message Posted: Jul 29, 2010 3:30:53 PM Ignore weshyatt Report Abuse So be it for VW. We need to buy american.