Bentley and Seat, the only money losers in VW Group during first nine months

Article by Christian Andrei, on October 29, 2010

In the first nine months of the year, Volkswagen AG's Bentley and Seat units were the only money losers in VW Group. Despite boosting unit sales by 29.9%, the UK-based Bentley ultraluxury marque's operating loss was 145 million euros ($200 million).

This was slightly lower than the 148 million recorded for the same period last year. Seat brand made a profit because the passenger car market had recovered, with unit sales rising by 10.6% to 260,000. This boost had aided in reducing the Spanish brand's operating loss to 218 million euros from 228 million euros.

Audi nearly doubled its operating profit to 2.3 billion euros, strengthened by a 13.6% rise in unit sales to 968,000. In a statement, VW said that the figures for the Lamborghini brand, which are included in the key figures for the Audi brand, also displayed “a positive development.”

The core VW passenger car brand buoyed up unit sales by 11.8% to 2.8 million euros. Furthermore, its operating profit also improved to 1.6 billion euros from 300 million euros.

VW said that the growth had been influenced by demand for the Polo, New Beetle, Tiguan, Touareg, Jetta and Passat models.

Skoda's operating profit increased to 314 million euros from 162 million euros, with unit sales increasing by 4.3% in the first three quarters to 426,000. The high demand for the Octavia, Superb and Yeti models was cited for having increased sales significantly. [via autonews - sub. required]

Topics: bentley, seat, vw

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

The 2018 model year could be an exciting year for fans and enthusiasts of the Chevrolet Corvette. This comes as the 2018 version of the Corvette is bound to feature...
by - January 19, 2017
As if seeing the future more than a decade from now, one of the top scientists in the world of robotics and automations is predicting that children born today won’t...
by - January 19, 2017
Ford has just recently unveiled the 2018 Ford Mustang, and as it turned out, the carmaker gave its beloved pony car a facelift. There have been mixed reactions about the...
by - January 19, 2017
The bidding war for one of the only 20 examples -- 21 actually, but the 00 version went to a museum -- of the classically beautiful Lamborghini Reventon built and...
by - January 18, 2017
Bentley once again confirmed its plans to push PHEV into their future lineups. As a matter of fact, the Bentayga SUV will be the first to have the plugin hybrid...
by - January 18, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries