As it earlier predicted, Volkswagen AG posted first-quarter operating profits of €329 million ($394 million), almost half what it made in first-quarter 2003 (€604 million [$724 million]). The German auto maker attributes much of setback to North America, where it saw an operating loss of €235 million ($282 million) vs. a profit of €58 million ($69 million) in like-2002. (See related story: VW Issues Profit Warning) Passenger-vehicle deliveries in North America reportedly fell 15.5% to ...
Premium Content (PAID Subscription Required)
"VW First-Quarter Earnings Fall on Large U.S. Loss" 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:
All of WardsAuto's reliable, in-depth industry reporting and analysis
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.