News Column

Volkswagen Posts Record Profits After Integration of Porsche

Feb 22, 2013

Europe's biggest carmaker, Volkswagen, booked a record profit in 2012, helped along by the integration in the company of the luxury sports auto group Porsche.

The German-based group said Friday net profit climbed to 21.9 million euros (29 billion dollars) in 2012, from 15.8 billion euros in the previous year. Analysts had forecast a rise to 21.7 billion euros.

Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH

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