| Volkswagen has announced recently that it is | | | | The company has also reported its fourth quarter |
| expecting for profit and sales to rise this year | | | | results and said that its income obtained has more |
| especially since the Skoda Fabia and Audi A5 models | | | | than tripled reaching 1.54 billion euros from 435 million |
| are doing pretty well in the market plus the corporate | | | | euros resulting from an 11 percent sales increase to |
| overhaul that the company is employing is reducing | | | | 27.8 billion euros. |
| production costs. | | | | The Audi team that Winterkorn has brought with him |
| The company's chief executive Martin Winterkorn | | | | including Walter de Silva, head of design and Ulrich |
| announced during the company's annual conference | | | | Hackenberg, engineering chief has spent two months |
| that it is expecting profit before interest, taxes and | | | | just to modify the new version of Volkswagen's Golf |
| one-time items to be higher than the 4.4 billion euros or | | | | hatchback, which currently is VW's best-selling vehicle. |
| $5.78 billion it has obtained for the year 2006. | | | | Aside from the Golf hatchback the team is also |
| He also said that the sales for the first two months of | | | | working on other models that Wolfgang Bernhard, the |
| the company has already record an increase of 8.3 | | | | former Volkswagen brand chief had started like the |
| percent to 862,000 vehicles which is a good start for | | | | Scirocco sports hatchback and a new compact sport |
| this year. He further added that the company is | | | | utility vehicle, the Tiguan. |
| expecting to meet its goal of increasing 2008 pretax | | | | CEO Winterkorn said 'We will continue to work |
| profit to 5.1 billion compared to the 1.1 billion euros in | | | | intensely on productivity and quality. We want to |
| 2004 which is the target set by Bernd Pischetsrieder, | | | | further increase the brand's passion for building cars." |
| who is the former chief executive. It should be noted | | | | Volkswagen is also counting on its new models to |
| that it was through the efforts of Piech and | | | | increase its sales in the US. The total loss that VW |
| Winterkorn that Pistchetsrider was ousted on January | | | | has obtained for 2006 for its North American sales |
| 1. | | | | has narrowed to 607 million euros compared to the |
| Volkswagen shares increase by 3 percent to 102.96 | | | | loss of 866 million euros in 2005. CEO Winterkorn has |
| euros | | | | also added, "we still have quite a bit to do here to |
| Last month, Europe's largest automaker and producer | | | | return to our successful growth path." |
| of the popular Volkswagen struts has reported that | | | | CEO Winterkorn is working to create a three-way |
| their income has more than doubled reaching 2.75 billion | | | | combination to Volkswagen's commercial-vehicles unit |
| euros which they attributed to the launching of their | | | | and that includes the Munich-based truck maker MAN |
| new models, the disposal of Europcar vehicle-rental | | | | and the Swedish truckmaker Scania of which |
| unit and the tax gain. Total revenue has increased by | | | | Volkswagen is the biggest shareholder. |
| 12 percent to 104.9 billion euros. | | | | |