Volkswagen more than doubles earnings in 2011

Posted on February 25, 2012 by admin

FILE - In this Feb. 24, 2011 file photo, the VW logo is photographed at the company's headquarters at the Volkswagen plant in Wolfsburg, Germany. Volkswagen said Friday, Feb. 24, 2012 that its net earnings more than doubled last year as revenues grew by more than a quarter and the company's bottom line benefited from accounting factors related to its stalled takeover of Porsche. Volkswagen earned euro 15.41 billion (US dollar 20.5 billion) in 2011, up from euro 6.84 billion the previous year, according to a preliminary earnings statement. (AP Photo/Ferdinand Ostrop, File) Automaker Volkswagen AG said Friday that its net earnings more than doubled last year as revenues grew by more than a quarter and the company benefited from accounting factors related to its stalled takeover of Porsche.


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