VW operating profits slide on Euro sales dip

Volkswagen, the biggest car manufacturer in Europe, has reported a dip in its operating profit, as demand slid in Europe.

24th April, 2013
VW: decline in European sales partially offset by gains in other markets

Volkswagen, the biggest car manufacturer in Europe, has reported a dip in its operating profit, as demand slid in Europe.

The company’s operating profit dropped by 26 per cent for the first quarter of 2013. Earnings before interest and taxes fell to €2.34 billion, down from €3.17 billion a year earlier. Revenue fell 1.6 per cent to €46.6 billion.

The company, which has 12 brands including sports car maker Porsche, heavy-truck manufacturer Scania and Ducati motorbikes,...

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