FRANKFURT, July 25 (Reuters) - Europe's biggest carmaker, Volkswagen AG , said on Friday start-up costs for new models had taken about 600 million euros off its pre-tax profit in the first half, implying costs of 300 million in the second quarter. VW, which is in the middle of a massive product overhaul, also saw first-half pre-tax earnings boosted by around 200 million euros due to write-ups on equity investments, according to slides on its website from a management presentation due later ...
Premium Content (PAID Subscription Required)
"VW says start-up costs were 600 mln euros in H1" 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.