VW says exchange rates cost 400 mln euros in Q2


FRANKFURT, July 25 (Reuters) - Europe's biggest carmaker, Volkswagen AG , said on Friday exchange rates had sliced 400 million euros ($460 million) off its profits in the second quarter, the same amount as in the first. "The currency effect in the first half year mounts up to about 800 million euros," a Volkswagen spokesman said. Currencies also lopped 400 million euros off the group's pre-tax profit in the first quarter. VW said earlier its operating profit fell to 616 million euros in ...

Premium Content (PAID Subscription Required)

"VW says exchange rates cost 400 mln euros in Q2" 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 WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×