Volkswagen makes big bucks

April 11, 2018

While some companies (especially here in South Africa) are battling to survive, Volkswagen Commercial Vehicles (VWCV) is romping to the bank vault – having made its highest profit ever!

Last year, VWCV delivered around 498 000 vehicles to customers all over the world (versus 478 000 in 2016). Sales revenue rose to around €11,9 billion (R176 billion) – versus €11,1 billion (R165 billion) in 2016. Profit soared to €853 million (R12,6 billion) – versus €455 million (R6,8 billion) in 2016.

Eckhard Scholz, chairman of the board of management of Volkswagen Commercial Vehicles, attributes these incredible results to the company’s “completely renewed product portfolio” and its “systematic implementation of competitive cost structures”, which means it’s got better products and it’s spending less money to create them – quite some achievement.

Like so many other companies within our industry, VWCV is passionate about e-mobility. On this note, customers are currently testing the e-Crafter, which will be officially launched in September 2018 – presumably at the IAA (although we did see a prototype at the fair two years ago).

VWCV is also eyeing the Chinese market and it’s in discussion with JAC. A joint venture is on the cards.

My friends call me a glomad (a global nomad lest you don’t get it). That’s a particularly apt word, because I am always trawling all corners of the globe, looking for stories. As a result, I have slept in some seriously strange places – on a bed of ice in the Arctic circle, on the floor in a traditional Japanese hotel, on the sand dunes in the Wadi Rum Desert in Jordan … and even on the floor of a Thai cargo ship. Mostly however I tend to sleep on aircraft (if I had a dog, he would bark at me when I eventually come home). I am passionate about trucks, cars, travel, food, wine, people and hugs – so I write about all these things. Except the hugs.

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