The Volkswagen brand’s full year pre-tax profit has risen to about EUR1.6bn from EUR400m a year previously, according to a report.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


AFX News said Capital magazine reported the news in an advance excerpt from Thursday’s edition.


VW brand sales rose to 3.4m units from 3.1m, the magazine reportedly added, without saying where it obtained the data.


According to AFX News, the report also said the VW brand group plans to continue to reduce its unit production costs. By 2008, it wants to cut spending per vehicle to EUR4,100 from EUR4,475 this year.


VW declined to comment on the report, AFX News noted.


Alos without citing sources, Capital said that VW brand head Wolfgang Bernhard would not attend the Detroit motor show next week and would leave the company at the end of the month, the report added.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Neonode has won the Innovation Award for Driver Monitoring Software for its camera-based, MultiSensing®-powered solution that delivers precise hands-on-wheel detection, regulatory-ready safety performance and low-footprint integration. Discover how Neonode is redefining driver monitoring, UX and compliance for next-generation semi-autonomous vehicles.

Discover the Impact