Skiurlaub- günstig mit FeWo-direkt
ITS | Jahn | Tjaereborg

Center Parcs - der Familienkurzurlaub im Internet!

Hotelsuche in 

1ST LEAD Profits at Germany's VW Group despite diesel scandal; exec pay soars By Jan Petermann and Thomas Struenkelnberg, dpa

By our dpa-correspondent and Europe Online    auf Facebook posten  Auf Twitter posten  
Berlin (dpa) - The core VW brand of Germany‘s Volkswagen Group posted sharply increased profits for 2017, even if the costs for dealing with the diesel emissions scandal remained high across the group, detailed figures for the year released in Berlin on Tuesday showed.

The company aims to be able to finance its planned investments in electric vehicles on the back of the results, and company executives received considerably higher pay-outs than a year previously.

VW cars posted profits of around 3.3 billion euros (4.1 billion dollars) after extraordinary costs for the diesel scandal, 1.4 billion euros more than in 2016.

The bill for the emissions scandal for VW alone came to 2.8 billion euros, down from 5.2 billion in 2016. Across the group, which includes Audi, Porsche, SEAT, Skoda and Bentley, the related costs totalled 3.2 billion euros, half as much as in the previous year.

Reviewing the year, management board chairman Matthias Mueller expressed satisfaction. "It was the year when we went onto the offensive again," he said.

The management board was paid out a total of 50.3 billion euros, up from 39.5 billion in 2016. Mueller received more than 10.1 million euros.

At the group‘s upmarket subsidiary, Audi, operating profits rose to 5.1 billion euros from 4.8 billion in 2016, after taking into account the costs from the diesel scandal, including buy-backs, recalls for adjustments to cars with manipulated software and legal costs.

Turnover at Audi was up 800 million euros at 60.1 billion.

Chief financial officer Frank Witter said that, despite the challenge posed by expenditure on the diesel scandal, the group‘s financial position was solid. "We are actively guiding the changes in our business," he said.

The group aims to invest billions of euros in electric vehicles and new services.

One point of emphasis this year is the expansion of manufacturing electric vehicles to considerably more plants, with battery-powered vehicles being made at 16 locations around the world by the end of 2022, up from just three currently.

A further nine factories will be geared up for the production of electric vehicles within two years, with partnerships planned with battery makers in Europe and China. Orders issued currently total 20 billion euros.

A decision on a supplier in North America is about to be taken.

These plans do not imply the abandoning of the internal combustion engine. The modern diesel-powered engine is part of the solution to global warning, Mueller said.

"In 2018 alone, almost 20 billion euros will be spent on our conventional vehicle and engine portfolio, and over the next five years it will total more than 90 billion euros," Mueller said.


Kommentare zu diesem Artikel
Neuer Kommentar
Name *
Email * (wird nicht öffentlich angezeigt)
* Pflichtangaben
Diesen Artikel empfehlen

Absender Empfänger Nachricht (optional)

Tipps der Redaktion aus dem Nachrichtenportal
Madrid (dpa) - Tens of thousands of retirees took to the streets in cities across Spain on Saturday as part of an unprecedented mobilization to call for fairer pensions.Despite heavy rain in Madrid, a massive march made its way through the centre of
Berlin (dpa) - German Chancellor Angela Merkel and Chinese President Xi Jinping discussed the problem of steel overcapacity in G20 nations during a telephone call on Saturday.The two leaders agreed that solutions should be found within the agreed
Athens (dpa) - At least 14 migrants, including four children, drowned on Saturday when their wooden boat capsized during an attempt to cross the Aegean Sea from Turkey to the Greek island of Agathonisi.Three people from the vessel reached the shore
Cairo/Istanbul (dpa) - At least 200,000 people have fled this week from the Kurdish-held city of Afrin in northern Syria as Turkish troops and allied rebels press on with a two-month offensive in the region, a monitoring group reported on
London (dpa) - Britain said it had "anticipated" a retaliatory move by Russia to expel 23 of its diplomats in the row over a former spy‘s poisoning in southern England.The government in London "anticipated a response of this kind and the
Moscow (dpa) - A senior Russian diplomat has accused Western countries of involvement in the nerve-agent attack on a former double agent on British soil.Alexander Shulgin, who is also Russia‘s representative at the Organization for the
Tipps der Redaktion aus dem Reiseportal
Pyeongchang, South Korea (dpa) - Norway‘s Marit Bjoergen wins the 30-kilometres cross country ski race to become the best decorated Winter Olympian of a all time with eight gold, four silver and three bronze.
Pyeongchang, South Korea (dpa) - China highlighted that construction for the Beijing 2022 Winter Olympics is in full swing while trying to defuse questions on the sensitive issue of artificial snow-making at the ski venues.Organizing committee BOCOG
Berlin (dpa) - Figure skating events at the Pyeongchang Olympics, with day and time (in GMT), 2014 champions and athletes to watch.Monday, February 12, 0100: team event (Russia) Thursday, February 15, 0130: pairs (Tatiana Volosozhar/Maxim Trankov,
Seoul (dpa) - An overview of venues to be used to the Pyeongchang Winter Olympic Games in 2018.Pyeongchang Mountain ClusterLocated around 180 kilometres east of Seoul in the Gangwon province. Here there is the 35,000-capacity Olympic stadium for the
Frankfurt (dpa) - Germany will be unable to host an Olympic Games inside the next decade but the subject will not remain closed, a leading official has said."The overall topic of a potential bid has rather a mid- or long-term character," German
Pyeongchang, South Korea (dpa) - The International Olympic Committee advanced plans on Thursday to set up an independent anti-doping testing system following the drugs scandal in Russian sports.The World Anti-Doping Agency (WADA) is also set to


(17.03.2018 19:13)

7 / 11 °C

1 / 9 °C
1 / 9 °C
powered by
Stock News

Agenda - The Week Ahea ...
Agenda - The Week Ahea ...

Afghan Farah Governor ...
Ministry Warns Cinema ...

Merkel and Xi want G20 ...
Spanish retirees deman ...

URGENT: Norway's Bjoe ...
China highlights Beiji ...





© europe online publishing house GmbH, Weiden, Germany, | Impressum