Volkswagen's net jumps on restructuring gains
Article Abstract:
First-quarter earnings for automobile maker Volkswagen AG more than doubled, due primarily to restructuring efforts and higher car sales. Shares closed at 115.22 euro, sales saw a 5.1% increase to 26.64 bil euro, and net rose from 327 mil euro last year to 740 mil euro this year.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
User Contributions:
Comment about this article or add new information about this topic:
VW buys Scania stake in $4.37 billion deal
Article Abstract:
Germany's Volkswagen AG has purchased control of Sweden's truck manufacturer Scania AB for $4.37 bil. The deal gives Volkswagen 68.6% of the firm's voting shares, and make signal further consolidation in the worldwide truck sector.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: MAN seeks talks with Scania as it ends hostile bid. MAN's bid for Scania is in the hands of VW board. MAN buys at least 5% of Scania
- Abstracts: A cooperative inventory policy with deteriorating items for a two-echelon model. A note on EOQ models for deteriorating items under stock dependent selling rate
- Abstracts: Alitalia narrows loss as it nears ownership change. Potential bidders for Alitalia hear Rome's advice
- Abstracts: Flying sheik: from tiny Dubai, an airline with global ambition takes off. Another Alitalia Board member resigns
- Abstracts: Executive warms to his new role: the climate fixer; in buying piece of jungle, Mr. Eliasch stirred debate; problem of ersatz Indians