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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 All-Star Author New Jersey Posts:557 Points:448,200 Joined:Dec 2008	Message Posted: Jul 30, 2010 2:58:37 AM Ignore runout9 Report Abuse A very diversified company on a growth mission.
fuelconscious All-Star Author Los Angeles Posts:664 Points:236,700 Joined:Jan 2008	Message Posted: Jul 29, 2010 11:59:41 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:504 Points:263,810 Joined:Nov 2008	Message Posted: Jul 29, 2010 11:18:33 PM Ignore Huskersed Report Abuse They build good diesel cars, one of the best in the industry.
POLELANE Champion Author Ohio Posts:6,334 Points:721,270 Joined:Mar 2008	Message Posted: Jul 29, 2010 6:15:09 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:52 Points:33,650 Joined:Jun 2006	Message Posted: Jul 29, 2010 2:30:53 PM Ignore weshyatt Report Abuse So be it for VW. We need to buy american.