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Stronger sales, weaker euro good news for VW

AFP -- by Etienne Balmer and Francois Becker

FRANKFURT (AFP) – Volkswagen, Europe's biggest automaker, benefited from strong sales and favourable exchange rates as it posted Thursday a second quarter profit more than four times the previous year's figure.

VW's net profit of 1.25 billion euros (1.6 billion dollars) towered over the 283 million euros earned in the second quarter of 2009 and easily beat

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Submitted Jul 29, 2010 By: coupster

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runout9 Champion Author New Jersey Posts:3,154 Points:960,650 Joined:Dec 2008	Message Posted: Jul 29, 2010 10:58:37 PM Ignore runout9 Report Abuse A very diversified company on a growth mission.
fuelconscious Champion Author Los Angeles Posts:2,082 Points:538,870 Joined:Jan 2008	Message Posted: Jul 29, 2010 7:59:41 PM Ignore fuelconscious Report Abuse Yes the VW Golf/Jetta/Beetle is an American car assembled with at least 85% north american content in mexico. After all Mexico is part of North America. However I still don't understand why VW prices these cars at a premium price compare with Toyota and Hyundai.
Huskersed All-Star Author Atlanta Posts:703 Points:337,950 Joined:Nov 2008	Message Posted: Jul 29, 2010 7:18:33 PM Ignore Huskersed Report Abuse They build good diesel cars, one of the best in the industry.
POLELANE Champion Author Ohio Posts:7,148 Points:828,370 Joined:Mar 2008	Message Posted: Jul 29, 2010 2:15:09 PM Ignore POLELANE Report Abuse volks wagons are made in Mexico; that is part of America last time I looked.
weshyatt Rookie Author Memphis Posts:66 Points:104,590 Joined:Jun 2006	Message Posted: Jul 29, 2010 10:30:53 AM Ignore weshyatt Report Abuse So be it for VW. We need to buy american.