High start-up costs for forcing a new production system to record spoiled Wolfsburg carmaker this year to take a breather.
CEO Martin Winterkorn announced on Monday from the goal of achieving operating profit last year's level again. Even though this is an ambitious project, because in the past exceptional year increased the Elf-brand group operating profit by 60 percent to 11.3 billion euros.
As a reason for the stop led to the head of VW, the conversion of the works on the modular transverse matrix, which can be introduced to the group initially cost a lot of money. The new production system, the cost in the next few years, however, fall by up to 30 percent as the number rises to equal parts. The last sales of almost 160 billion euros in 2012 continue to grow. This alone is wearing the full involvement of the Munich-based truck maker MAN at the balance sheet, the VW had brought under his control in the fall, and Swedish with the VW subsidiary Scania will work more closely together. 2013, Volkswagen and earnings, due to start again.
The opening of the new architecture built to make the models of Audi A3, which was unveiled at the Geneva Motor Show a larger audience. In autumn, the best-selling golf followed by the seventh generation. The new modular design is for all small and compact car models into question, whose engines are mounted transversely to the direction of travel. For the engineers it is the egg of Columbus: Because when they come together in the future with directors and designers to develop new models, they put up of components such as axles, front and rear chassis, floor and seat frames simply-new vehicle variants - as in Lego principle.
Alone in the current year will bring the group with eight car brands, the two truck farmers MAN and Scania and VW Transporter division more than 40 new models and vehicle types on the road. "We therefore expect to increase our deliveries to customers over the previous year", said Winterkorn. The level of investment in the modular system it is not quantified. So far, only this much is known: it amounts to many billions.
Last year, the group with more than 500,000 employees worldwide since its net profit to 16 billion euros more than doubled, and thus deserves much more than any other German company. Was inflated profits thereby also of the balance sheet effects of the bursting of the merger with Porsche SE holding company that drives financial results. The profit before tax soared to gigantic therefore EUR 19 billion. The dividend to common shareholders, including the Porsche SE, the state of Lower Saxony and the Emirate of Qatar, is to be raised by 80 cents to three euros.
BARRIERS TO INTEGRATION PORSCHE
Winterkorn acknowledged that there is in the integration of the second half of the Porsche sports car business still hurdles. He expressed the view but not, when will they succeed. "All parties continue to work flat out to achieve the integrated automotive group with Porsche commercially reasonable terms," he repeated earlier statements. VW had initially canceled the planned merger with Porsche SE holding company last year because of legal risks. Since then the group looks for ways lead to the non-listed Porsche AG, Porsche vehicle in which the business is located, to take over completely. Only then can the Wolfsburg-based group that once rich with some 700 million € per year calculated cost savings that will result from joint purchasing and development.
CEO Martin Winterkorn announced on Monday from the goal of achieving operating profit last year's level again. Even though this is an ambitious project, because in the past exceptional year increased the Elf-brand group operating profit by 60 percent to 11.3 billion euros.
As a reason for the stop led to the head of VW, the conversion of the works on the modular transverse matrix, which can be introduced to the group initially cost a lot of money. The new production system, the cost in the next few years, however, fall by up to 30 percent as the number rises to equal parts. The last sales of almost 160 billion euros in 2012 continue to grow. This alone is wearing the full involvement of the Munich-based truck maker MAN at the balance sheet, the VW had brought under his control in the fall, and Swedish with the VW subsidiary Scania will work more closely together. 2013, Volkswagen and earnings, due to start again.
The opening of the new architecture built to make the models of Audi A3, which was unveiled at the Geneva Motor Show a larger audience. In autumn, the best-selling golf followed by the seventh generation. The new modular design is for all small and compact car models into question, whose engines are mounted transversely to the direction of travel. For the engineers it is the egg of Columbus: Because when they come together in the future with directors and designers to develop new models, they put up of components such as axles, front and rear chassis, floor and seat frames simply-new vehicle variants - as in Lego principle.
Alone in the current year will bring the group with eight car brands, the two truck farmers MAN and Scania and VW Transporter division more than 40 new models and vehicle types on the road. "We therefore expect to increase our deliveries to customers over the previous year", said Winterkorn. The level of investment in the modular system it is not quantified. So far, only this much is known: it amounts to many billions.
Last year, the group with more than 500,000 employees worldwide since its net profit to 16 billion euros more than doubled, and thus deserves much more than any other German company. Was inflated profits thereby also of the balance sheet effects of the bursting of the merger with Porsche SE holding company that drives financial results. The profit before tax soared to gigantic therefore EUR 19 billion. The dividend to common shareholders, including the Porsche SE, the state of Lower Saxony and the Emirate of Qatar, is to be raised by 80 cents to three euros.
BARRIERS TO INTEGRATION PORSCHE
Winterkorn acknowledged that there is in the integration of the second half of the Porsche sports car business still hurdles. He expressed the view but not, when will they succeed. "All parties continue to work flat out to achieve the integrated automotive group with Porsche commercially reasonable terms," he repeated earlier statements. VW had initially canceled the planned merger with Porsche SE holding company last year because of legal risks. Since then the group looks for ways lead to the non-listed Porsche AG, Porsche vehicle in which the business is located, to take over completely. Only then can the Wolfsburg-based group that once rich with some 700 million € per year calculated cost savings that will result from joint purchasing and development.
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