Cars
Saying that 2011 has been a very good year for the VW Group would be an understatement of huge proportions. Almost as huge as the 8.36 million sales the German group recorded in its best-ever year.
- Lamborghini's Sales Surge 23 Percent To 1,602 Units In 2011
Famed Italian supercar maker Lamborghini has announced strong sales numbers for the year that ended on December 31, 2011. The company recorded double-digit increase in deliveries and turnover selling 300 more cars compared to the previous year for a...
- Hyundai - Kia Group Targeting A 10-percent Increase In Sales For 2011
For the Hyundai Motor Group and its affiliate Kia Motors, the New Year brings a new sales target as the South Korea's largest automaker said on Monday it aims to sell 6.33 million cars in 2011, which represents a 10 percent increase over 2010 when...
- Daimler Posts €1,4 Million Loss In First Quarter Of 2009, Sales Down 34%
Only hours after announcing that it had agreed to unload its remaining 19.9 percent stake in Chrysler LLC, Daimler published its quarterly results which saw the company that owns Mercedes-Benz posting a €1,426 million loss before interest and tax...
- Ferrari Posts €54 Million Trading Profit In The First Quarter Of 2009
Even though Ferrari was not completely unaffected by the financial crisis, the Prancing Horse ended the first quarter of 2009 with a trading profit of €54 million (versus €59 million for Q1 2008) which is the highest profit recorded in any...
- Bmw Group: Increased Sales & Revenues For Third-quarter
The BMW Group has announced increased sales volume and revenues and earnings figures for the third quarter of 2007. However, despite the improvement in third quarter profits before tax (+6,3%), the group’s overall profit before tax during the first...
Cars
VW CEO Almost Doubles his Pay to $23 Million in 2011 after the Group Sets Record Sales and Profits
Saying that 2011 has been a very good year for the VW Group would be an understatement of huge proportions. Almost as huge as the 8.36 million sales the German group recorded in its best-ever year.
Naturally, the man running the show should get a handsome award for this success, which brought its company to second place overall in worldwide sales.
According to VW's annual report, VW Group CEO Martin Winterkorn earned €17.5 million (US$23 million) in salary, bonuses and profit incentives. That’s almost double the €9.3 million (US$12.2 million) he got in 2010, and according to Reuters, the higher payment for a CEO of any German company listed on the DAX index.
Read more »- Lamborghini's Sales Surge 23 Percent To 1,602 Units In 2011
Famed Italian supercar maker Lamborghini has announced strong sales numbers for the year that ended on December 31, 2011. The company recorded double-digit increase in deliveries and turnover selling 300 more cars compared to the previous year for a...
- Hyundai - Kia Group Targeting A 10-percent Increase In Sales For 2011
For the Hyundai Motor Group and its affiliate Kia Motors, the New Year brings a new sales target as the South Korea's largest automaker said on Monday it aims to sell 6.33 million cars in 2011, which represents a 10 percent increase over 2010 when...
- Daimler Posts €1,4 Million Loss In First Quarter Of 2009, Sales Down 34%
Only hours after announcing that it had agreed to unload its remaining 19.9 percent stake in Chrysler LLC, Daimler published its quarterly results which saw the company that owns Mercedes-Benz posting a €1,426 million loss before interest and tax...
- Ferrari Posts €54 Million Trading Profit In The First Quarter Of 2009
Even though Ferrari was not completely unaffected by the financial crisis, the Prancing Horse ended the first quarter of 2009 with a trading profit of €54 million (versus €59 million for Q1 2008) which is the highest profit recorded in any...
- Bmw Group: Increased Sales & Revenues For Third-quarter
The BMW Group has announced increased sales volume and revenues and earnings figures for the third quarter of 2007. However, despite the improvement in third quarter profits before tax (+6,3%), the group’s overall profit before tax during the first...