April 16, 2014

VW profits down 80 percent in 2009

Europe's biggest carmaker, VW, saw net profits fall 80% last year to 960m euros. Operating profits also fell 71% from a year earlier to 1.9bn euros, and revenues fell 8% to 105bn euros. But global sales rose 1.3% to 6.3 million vehicles, thanks to a 36.7% jump in deliveries to China. Deliveries to the German car market also rose 17.6% last … [Read more...]