The Volkswagen Group has released its financial data for 2012, revealing an increase in profit from £9.78 billion to £9.95 billion.
Total sales revenue for 2012 totalled £166.8 billion, 21 per cent up on 2011's £137.9 billion.
Professor Dr Martin Winterkorn, chairman of the board of management of the Volkswagen Group, said: “The economic environment for our business became noticeably more difficult as the year progressed. Nevertheless, we succeeded in meeting the targets we set ourselves for 2012."
The Group delivered a total of 9.3 million vehicles during last year, representing a 12.2 per cent increase on the previous year's nine million.
It is not only profit and vehicle deliveries that have climbed. The number of employees rose from 501,956, in 2011, to 549,763 in 2012.