Porsche revs up Volkswagen earnings

German automaker Volkswagen is raising its dividend after turbocharged earnings from its Porsche luxury

RELATED ARTICLES

line offset a slip in revenues from mass-market cars.

The automaker said today that 2013 operating earnings, which don't count tax and one-time charges, rose slightly to 11.7 billion euros ($ 16.3 billion) from 11.5 billion euros last year. That was enough for it to raise the dividend to 4 euros per ordinary share, from 3.50 euros.

Porsche, maker of the 911 sports car and Cayenne sport-utility vehicle, made a major contribution, with 2.6 billion euros in operating earnings and a fat 18 per cent profit margin. But sales fell 4.4 per cent at the mass-market Volkswagen brand, due to spending on new technology, a stronger euro, and a slack economy in Western Europe.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Those willfully defaulting on loans should be blacklisted by Sebi

    As reported by this newspaper’s Monday edition, the Securities and Exchange Board of India (Sebi) has found merit in the Reserve Bank of India’s s

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Kumar Jain

Kickstarting technological innovation

One of the key dimensions of global competitiveness is the ...

Kuruvilla Pandikattu SJ

Developing moral, spiritual capacity

Writing in The Huffington Post, Noam Chomsky, professor emeritus, MIT ...

Gautam Gupta

Manufacturing must keep workers’ welfare in mind

It may be early days yet, but the labour reforms ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture