VW is on a roll. The world’s second largest car manufacture, which is eyeing the No.1 spot very aggressively has doubled its year on year profits in the year 2011. The company has sold more than 8 million (80 lakh) cars in the year, and at this rate, they will achieve their target of being the world’s largest carmakers much before their self-set goal of 2018.
The German carmaker, on Friday announced that its full-year after-tax profit has more than doubled to 15.8 billion Euros (that’s more than 1.02 lakh crore rupees). The profit has increased so much on the back of increased car sales and better margins. Profit before tax stood at 18.93 billion Euros, as compared to 8.99 billion Euros in 2010. The company’s operating margins stood at a healthy 58%. The company’s revenue also grew substantially by 26% and stood at 159.34 billion Euros, or more than a million crore rupees!
Some incredible numbers, those! Aren’t they!