Volkswagen's profits increase, but firm flags challenges ahead

  • Volkswagen has posted an increase in its second quarter profits, but warned of slowing demand looking ahead.

    Though the German carmaker’s operating profit was up nearly 5% to 3.49 billion euros, it flagged a range of concerns including “fierce competition” and “interest rate and exchange rate volatility”.

    Volkswagen, which is now the biggest vehicle maker in the world after overtaking Japan’s Toyota, expects Asian economies to contribute to its strongest growth. 

    Tagged as: Volkswagen, second quarter profit, German carmaker, operating profit, Toyota, Asian economies, business news