Germany: VW reports strong Q2, cautions on H2 costs

Although slightly missing consensus earnings estimates in Q2 2011, Volkswagen nevertheless reported significant year-on-year gains, reflecting a 12.8% rise in vehicle sales in the April-June period, to 2,103,000 units. While still forecasting 2011 revenue and operating profit to be "significantly higher than in the previous year," the OEM nevertheless has Subscribe to Automotive World to … Continued

• By Webmaster
• July 28, 2011