Volkswagen AG operating profit fell 46.5% to €604 million ($687 million) during the first quarter, from €1.13 billion ($1.29 billion) in like-2002. VW blames the drop on the rising value of the euro and weak new-vehicle demand throughout most of its major markets. The strength of the euro, which has increased in value more than 8% since January, reduced pre-tax profits by €400 million ($455 million), VW says. Costs for new-product launches reduced profits by an additional €300 million ...

Premium Content (PAID Subscription Required)

"Volkswagen Q1 Profits Sink" 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!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.