VW shares climb as group celebrates record sales in 2012
Shares in Volkswagen (VW) have soared on the Frankfurt Stock Exchange in trading today (January 14th), as the group celebrates record sales figures for 2012.
The German manufacturer sold more than nine million vehicles over the 12-month period, which is an 11 per cent jump on 2011's total.
Sales in the emerging Asia-Pacific market rose by 23.3 per cent, while North American demand advanced by 26.2 per cent, with these increases counterbalancing a 6.5 per cent slump in western Europe.
Top-performing brands include VW, Audi and Porsche, which did particularly well in the US.
Chairman Dr Martin Winterkorn was realistic when considering the months to come and commented: "Tough challenges lie ahead. The Volkswagen Group has everything it takes to face these challenges and to play a leading role on world markets."
At 11:30 GMT, shares in Volkswagen rose by 1.1 per cent in Frankfurt to €166.45 per unit.
Find CFD trading strategies for the European markets at City Index.
Comments are closed.
From time to time, City Index Limited’s (“we”, “our”) website may contain links to other sites and/or resources provided by third parties. These links and/or resources are provided for your information only and we have no control over the contents of those materials, and in no way endorse their content. Any analysis, opinion, commentary or research-based material on our website is for information and educational purposes only and is not, in any circumstances, intended to be an offer, recommendation or solicitation to buy or sell. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. No representation or warranty is made, express or implied, that the materials on our website are complete or accurate. We are not under any obligation to update any such material.
As such, we (and/or our associated companies) will not be responsible or liable for any loss or damage incurred by you or any third party arising out of, or in connection with, any use of the information on our website (other than with regards to any duty or liability that we are unable to limit or exclude by law or under the applicable regulatory system) and any such liability is hereby expressly disclaimed.