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|30th October 2009, 14:32||#1|
Senior - BHPian
Join Date: Dec 2007
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VW: all about the brand
I got this on email. I didn't find it on any other thread hence i started this up.
@mods, if this info/discussion exists elsewhere, please merge.
Interesting to know about this revered German brand. Check it out.
|30th October 2009, 15:04||#2|
Join Date: Sep 2009
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VW records profit despite slide in demand : global share rises to 11.7%
To add to the interesting info. posted above :
From the Financial Times.
VW records profit despite slide in demand
By James Wilson in Frankfurt
Published: October 29 2009 10:40 | Last updated: October 29 2009 10:40
Volkswagen, Europe’s biggest carmaker, succeeded in generating a second successive quarterly profit in spite of slumping demand in most of the world’s big vehicle markets.
Net income in the three months to the end of September fell from €1.1bn ($1.62bn) a year ago to €161m, putting VW on course to close 2009 with a profit. But the carmaker confirmed that annual sales revenue would be lower than in 2008 after the decline in revenue continued during the quarter, leaving sales in the year to date almost 10 per cent lower than in the same period last year at €77.2bn.
Vehicle sales did rise more than 4 per cent during the third quarter, helped by a “cash for clunkers” stimulus in Germany and strong demand in China. But VW said those markets, as well as Brazil and India, remained “notable exceptions” in contrast to the dramatic downturn in other markets.
In western Europe, which accounts for just under half of group sales, deliveries fell 3.8 per cent in the first nine months of the year, while they were 9.6 per cent lower in the US.
“The group is holding its own extremely well despite the adverse conditions. While the global market is contracting by 12 per cent, we are recording stable delivery levels,” Mr Winterkorn said.
Group share of the global passenger car market rose to 11.7 per cent compared with 10 per cent a year ago, according to VW.( Emphasis mine)
Pre-tax profit fell from €5.3bn to €1.1bn in the first nine months, while net income for the same period fell from €3.7bn to €655m. Among the worst-performing brands during the first nine months were Seat and Skoda, where sales were down 19 per cent in both cases, and Bentley, where what VW described as a “heavy slump” in sales pushed the UK-built luxury brand into an operating loss of €148m.
However the Audi premium brand generated an operating profit of €1.2bn, compared with €2.1bn last year, on a 12 per cent drop in unit sales.
VW shares rose 0.6 per cent to €110.82 by mid-morning in Frankfurt.
|30th October 2009, 16:22||#3|
Senior - BHPian
Join Date: May 2007
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1) VW is making very serious inroads everywhere. The polo is quite important for its strategy. They are also coming up with technological advantage specially the TSI motors. The new Sedan is a part of it but they are ignoring Indian market. VW Jetta does not come with TSI, but Laura does. Jetta TSI will also mark reasonable sales IMO.
The market they have to now focus on is India and China. China it has nice presence but not in India.
2) VW is gunning for No.1 spot and is really working hard for that. From what I see, Hyundai may become top 3, but no way it can beat down VW as VW has a quite a strong hold in Europe and upto some extent in Asia. Hyundai's home market support it a lot, but still they cant beat VW down. VW group's Lamborghini and other super/luxury/exotic car brands do bring in money and image.
3) Going by the sales of first quarter, Suzuki is 9th largest autmotive company ahead of even Fiat.
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