Volkswagen anounces record earnings
POSTED: Monday, March 12, 2012 - 9:30am
UPDATED: Monday, March 12, 2012 - 9:34am
NBC News — Volkswagen announced monday record earnings for their 2011 fiscal year, adding that they were on track to repeat the record profit in 2012. Volkswagen is Europe's largest car maker and credits the record profit on further growth in the U.S. and emerging markets.
The automaker posted a $14.8 billion operating profit for 2011. Speaking to reporters, the company's CEO said that the company was on track to break their record in 2013.