Tag Archives: VW’s Q4 profit rises 18%

VW’s Q4 profit rises 18%, lifted by record sales at Porsche

Volkswagen Group reported an 18 percent gain in fourth-quarter profit as record sales at its luxury Audi and Porsche brands offset spending on developing new models and expanding production.Earnings before interest and taxes rose to 3.11 billion euros ($4.27 billion) from 2.64 billion euros a year earlier, according to Bloomberg calculations using the automaker’s full-year and nine-month results.