SAO PAULO — Volkswagen do Brasil is crediting its improved economic recovery in 2000 to its export business. The automaker's revenues totaled US$4.7 billion for the year, with exports of 115,000 vehicles to 31 countries bringing in US$1 billion. “We cannot yet announce any profits, but we expect to balance profits and losses in 2001,” says Herbert Demel, president of VW do Brasil. Exports, he says, were the best in 10 years, nearly doubling those in 1999 and were six times better than ...
Premium Content (PAID Subscription Required)
"VW Brazil builds sales on exports" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.