By on April 25, 2013

“The coming months will be anything but easy,” Volkswagen CEO Martin Winterkorn told Reuters today at VW’s annual shareholders’ meeting. Nevertheless, he still plans to rule the world.

Except for North America and China, all other regions carry “often significant uncertainty” Winterkorn said. At home in Europe, the market  would be “extremely weak” for the foreseeable future, Volkswagen AG’s Vorstandsvorsitzender predicted.

Yesterday, Volkswagen reported a first-quarter operating profit 26 percent down to a still very respectable $3 billion. Undaunted, Volkswagen wants to match last year’s record earnings of 11.5 billion euros and set new delivery records.

“Regardless of whether we’re in an upturn or downturn, it’s our goal to ensure that VW reaches the top of the automotive industry by 2018,” Winterkorn said. We read that as the Strategie 2018 still being in place. A few months ago, works council chief Bernd Osterloh declared mission accomplished and said the company needs a new strategy.

Get the latest TTAC e-Newsletter!

7 Comments on “Volkswagen Faces Tough Times, Still Plans World Dominance...”


Read all comments

Back to TopLeave a Reply

You must be logged in to post a comment.

Recent Comments

  • eng_alvarado90: This is what I could find per the VIN: -This car only had 2 owners through its life -It was last...
  • 28-Cars-Later: “Let’s hope GM uses that money to facilitate their transition to bankruptcy” FIFY....
  • kurkosdr: Yup, there will be enough idiots who will buy this vehicle, not realising that retroactive regulation is a...
  • indi500fan: I agree with your premise. Who’s gonna boonie bash with a $60+ grand rig? Maybe some celebrity type...
  • tane94: The hood lines ruined its look. The Cadillac XLR is far more desirable than the Crossfire

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Jo Borras
  • Mark Baruth
  • Ronnie Schreiber