Operating profit rises to £9.95 billion, vehicle deliveries increase to 9.3 million

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.

With the recent acquisition of Porsche, and a myriad of new models due in 2013, it's likely that the Volkswagen Group's growth will continue.

Winterkorn was quietly confident about 2013: “We, too, are not completely immune to the intense competition and the far-reaching crisis in key European markets."

"Nevertheless, we see good opportunities for the Volkswagen Group to once again outperform competitors this year thanks to our sound financial strength and earning power.”

The Volkswagen Group expects its 2013 sales revenue to exceed the 2012 figures, thanks to a wider and more attractive model range. 

Given the ongoing economic uncertainty and increasing competition, however, it is aiming for its 2013 profit to match 2012's.

The group currently consists of 12 brands, including Volkswagen, Audi, Seat, Skoda, Bugatti, Lamborghini, and Porsche.

Join the debate

Comments
9

22 February 2013

Volkswagen Group is the world's most awsome car maker conglomerate. Toyota and GM may be making more cars for now. But their supremacy will not last.

There are factors that make me say that rest assured VW will overtake the two global giants in the coming years. Most probably before VW's target date of 2018.

22 February 2013

fadyady wrote:

 Toyota and GM may be making more cars for now. But their supremacy will not last.

Do you want to add a "Mwhhhhaaaaaaaaa" evil laugh to that sentence?

Just because they're the biggest it doesn't mean they will be the best, GM and Toyota have already shown that.  Sadly VW are already showing signs of complacency and arrogance (look at their pricing and reliability) and this will be their undoing.

 

 

It's all about the twisties........

23 February 2013

TegTypeR wrote:

Do you want to add a "Mwhhhhaaaaaaaaa" evil laugh to that sentence?

No. Thanks. I'm not part of the VW empire. But seriously do you not think the VW Group offers the most comprehensive range of cars among its dozen or so subsidaries - from a measly 60bhp Polo to the mighty 1200bhp Bugatti Veyron? And everything in between?

23 February 2013

the thing is they also make some of the most dull boring cars! plus look at SEAT they have struggled to do much with the brand.

23 February 2013

opelvaux wrote:

the thing is they also make some of the most dull boring cars! plus look at SEAT they have struggled to do much with the brand.

No other car maker offers such a wide range of cars as the VW Group right down from Seat and Skoda to Audi and Porsche, Bentely, Lamborghini and Bugatti.

Toyota, GM, Renault/Nissan, Kia/Hyundai, Ford, Honda, etc, I can't think of any other car maker that gives you the blandest of the cars but the most exciting too.

23 February 2013

fadyady wrote:

 

No other car maker offers such a wide range of cars as the VW Group right down from Seat and Skoda to Audi and Porsche, Bentely, Lamborghini and Bugatti.

Toyota, GM, Renault/Nissan, Kia/Hyundai, Ford, Honda, etc, I can't think of any other car maker that gives you the blandest of the cars but the most exciting too.

If I grant you your point about VW having the widest range of cars, will you also grant mine?

Namely, that precious few of this class-leading range are in contention for best in any of their respective classes, and that includes the vastly overrated VW Golf!  Wink

23 February 2013

Audi_A5 wrote:

If I grant you your point about VW having the widest range of cars, will you also grant mine?

Namely, that precious few of this class-leading range are in contention for best in any of their respective classes, and that includes the vastly overrated VW Golf!  Wink

By the way just for the record I never said VW makes the best cars.

24 February 2013

I think this must be proof that VW do a very good job of selling cheap cars at an expensive price to people who belive they are worth it! 60k for a diesel van what a bargain!

25 February 2013

I see more broken down VW by the side of the M6, as I travel it each working day, than any other make.  Once people realise that VW have a very 'inventive' publicity machine that is able to make use of 'exceptionals' to massage their profit figures, I fear that we may see VW's profit figures are as empty as their claim to vehicle reliabilty and value.  And then the fall.  But first, we must allow them their pride.

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • Lexus LC500
    Car review
    20 October 2017
    Futuristic Lexus LC coupé mixes the latest technology with an old-school atmospheric V8
  • Maserati Levante S GranSport
    First Drive
    20 October 2017
    Get ready to trade in your diesels: Maserati’s luxury SUV finally gets the engine it’s always needed
  • Jaguar XF Sportbrake TDV6
    First Drive
    19 October 2017
    The handsome Jaguar XF Sportbrake exhibits all the hallmarks that makes the saloon great, and with the silky smooth diesel V6 makes it a compelling choice
  • Volkswagen T-Roc TDI
    First Drive
    19 October 2017
    Volkswagen's new compact crossover has the looks, the engineering and the build quality to be a resounding success, but not with this diesel engine
  • BMW M550i
    First Drive
    19 October 2017
    The all-paw M550i is a fast, effortless mile-muncher, but there's a reason why it won't be sold in the UK