FRANKFURT, Oct 27 (Reuters) - Volkswagen expects its capex-to-sales ratio will remain as low as around 4 percent in 2006, but "reasonably high levels" of depreciation will continue to eat away at its earnings over the next two years, its finance chief said during a conference call on Friday. VW's efforts to drastically rein in investments has led to a significant improvement in its automotive net cash flow. Its automotive capex ratio fell to just 3.1 percent of sales in the first nine ...
Premium Content (PAID Subscription Required)
"Volkswagen sees capex ratio low, depreciation high" 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.