China, U.S. to Boost VW 2010 Profit Forecast
By wchung | 21 May, 2026
Automaker Volkswagen AG has raised its sales and operating profit forecast for 2010 after its performance in the first five months exceeded expectations.
The company said Wednesday that it now expects the 2009 figures “will be significantly exceeded” but didn’t offer more specific guidance. It had previously forecast only that the 2010 figures would be above last year’s.
Volkswagen said it has been helped by strong demand in key markets such as western Europe, China and North America.
It also said exchange rate effects “had a positive impact on profit.” The euro has weakened this year.
Volkswagen cautioned that the outlook for the second half “still entails uncertainties” — pointing to fierce competition and a difficult overall environment.
BERLIN
Recent Articles
- Kawasaki Heavy, Nvidia Plan Silicon Valley Robotics Center
- JPMorgan to Hire More AI Staff, Fewer Bankers, Says Dimon
- China's Manus Founders Seek $1 Billion to Undo Meta Takeover
- Trump's Revenge Tour Against Republicans Could Cost the Party in November
- Samsung's Deal with Union Seen As Win for Company Despite Huge Bonuses
- Democratic Senators Raise Alarm over Gulf States Investment in Paramount, Warner Bros Merger
- Kremlin Dismisses Report That China Covertly Trained Russian Soldiers for Ukraine
- Supreme Leader Says Enriched Uranium Must Stay in Iran
- India's 'Cockroach' Group Goes Viral, Spotlights Gen Z Worries
- US to Invest in Quantum Computing Firms in Exchange for Stakes