18 de marzo de 2015 / 9:04 / hace 3 años

VW's van division posts record profit on Europe rebound, cost cuts

BERLIN, March 18 (Reuters) - Volkswagen said on Wednesday strong demand in core European markets and cost cuts drove earnings at its commercial-vehicles division to a new record in 2014.

Operating profit at the van division, which accounts for about 5 percent of VW’s 202.5 billion euros ($214.77 billion) of group sales, jumped 13 percent to 504 million euros, VW said.

Deliveries rose 2 percent to 445,000 commercial vehicles, powered by growth in western Europe, where VW’s van division sells two thirds of its models, the Hanover-based company said.

Cost cuts “in all areas” helped 2014 profit, VW said. The German group is aiming to boost cost savings at its core autos division to 5 billion euros per year from 2017 and last week said it has identified steps to achieve half of that target.

$1 = 0.9429 euros Reporting by Andreas Cremer; Editing by Maria Sheahan

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below