04-26-2012, 11:32 PM #1
Volkswagen's first quarter 2012 profits exceed all estimates, 10% increase over last year
The VW group continues right along making money hand over fist. Results beat analysts expectations thanks to higher profits from Audi. How much higher? Well, a 10% increase from last year with profits getting up to 3.21 billions Euros from 2.91 billions Euros at this same point last year. Shares rose more than have in 5 months and despite all of Europe's economic problems the VW group continues to thrive.
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