Cost cutting has reaped benefits for the German auto m
aker, Volkswagen (VW). It is all set to reach its 2008 pretax profit target of $7 billion in 2007 itself! VW surpassed analysts’ expectations and recorded operating profit of $2.4 billion for the second quarter. These exceptional Results however do not entail that the company is going to take it l i g h t l y. According to CFO Hans Dieter Poetsch, VW is already mulling a new car which the company plans to develop with its Shanghai counterpart. The car would be mainly targeted at markets of North America and China. The new Sedan would probably be a follow-up model of the PassatLingyu, which is locally manufactured in China.
For Complete IIPM Article, Click on IIPM Article
aker, Volkswagen (VW). It is all set to reach its 2008 pretax profit target of $7 billion in 2007 itself! VW surpassed analysts’ expectations and recorded operating profit of $2.4 billion for the second quarter. These exceptional Results however do not entail that the company is going to take it l i g h t l y. According to CFO Hans Dieter Poetsch, VW is already mulling a new car which the company plans to develop with its Shanghai counterpart. The car would be mainly targeted at markets of North America and China. The new Sedan would probably be a follow-up model of the PassatLingyu, which is locally manufactured in China.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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