Volkswagen Brand Returns to Profit in South And North America
March 15 2022 - 4:21AM
Dow Jones News
By Kim Richters
Volkswagen AG said Tuesday that its namesake brand returned to
profitability in South and North America in 2021.
The German car maker said full-year group revenue in South
America rose to 11.04 billion euros ($12.08 billion) from EUR8.63
billion and increased to EUR45.31 billion from EUR36.81 billion in
North America.
Last Friday, Volkswagen released key figures for 2021 that
showed group operating profit for the period jumping to EUR19.28
billion from EUR9.68 billion thanks to favorable pricing, better
sales mix and reduced overhead costs.
More detailed figures released Tuesday showed its premium car
brand Audi and sports-car maker Porsche contributing EUR5.55
billion and EUR5.01 billion respectively in operating profit last
year.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
March 15, 2022 04:06 ET (08:06 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Volkswagen (TG:VOW)
Historical Stock Chart
From Aug 2024 to Sep 2024
Volkswagen (TG:VOW)
Historical Stock Chart
From Sep 2023 to Sep 2024