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VW turns in stellar nine-month earnings


VW turns in stellar nine-month earnings


A stunning set of numbers from Volkswagen.

Between January and September it sold 14.1 percent more vehicles than in the same period last year.

Though VW did not provide detailed figures it boasted of double digit growth in “nearly all regions”.

Earnings were also boost by derivatives used in the merger with Porsche.

Net profit jumped more than threefold to 13.6 billion euros.

Volkswagen’s performance is in sharp contrast to peers. Slowing car sales in Europe already forced France’s PSA Peugeot Citroen to slash 6,000 jobs.

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