Because German car market has shrunk winch will dragged down the overall performance, Volkswagen predicts that the business profit in 2013 will maintain the level of last year.
Martin Vindeln, CEO of Volkswagen, said that the business profit in 2012 was Euro 11.5 billion, only increased 2.1% year on year; the business profit in 2013 may stop growing. He announced that facing the fierce competition and the large-scale crisis of European main markets, Volkswagen also can’t completely avoid. The uncertainty of economic environment continues.
At present, Volkswagen makes up the loss in Europe depending on the growth in China and U.S. markets and the luxury car field. European new car registration was at the new low of the same period of the past 23 years last month, and it was the worst level in 2012 over the past 17 years. Volkswagen’s sales also declined in Europe, but the market share was 24.8%, increased 1.6%.
Volkswagen once predicted a year ago that the business profit in 2013 would go on growing. If the new prediction comes true, it will be first time that Volkswagen’s annual business profit stops growing since 2009.
