VW profit soars
Source: Bloomberg News |
February 25, 2012, Saturday
|
Print Edition
Print Edition
VOLKSWAGEN AG, Europe's largest automaker, yesterday reported record 2011 profit as demand increased for sport-utility vehicles.
Earnings before interest and taxes advanced 58 percent to 11.3 billion euros (US$15.1 billion), the carmaker said in a statement. Revenue gained 26 percent to 159 billion euros.
Earnings before interest and taxes advanced 58 percent to 11.3 billion euros (US$15.1 billion), the carmaker said in a statement. Revenue gained 26 percent to 159 billion euros.
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