Volkswagen Group has recorded profits of EUR 9.0 billion for January to September 2011 period as against EUR 7.1 billion that the company earned during the entire year of 2010.

Dr Martin Winterkorn chairman of the board of management at Volkswagen Aktiengesellschaft said that strong business performance along with strength and stability is the policy of the company and it is this spirit that has ensured record growth. VW would continue in their endeavor to launch new products in the coming months in the hope of expanding Volkswagen's position in the auto sector.

The company's market share is at 12.4% which was just 11.6% in 2010, while sales revenue is at EUR 116.3 billion as compared to just EUR 92.5 billion in 2010.

Mr Hans Dieter Pötsch CFO of Volkswagen Group said that the performance of the company is very positive and showed that VW was on the right track. This success could be contributed to a strict cost factor coupled with sensible investment plans which has ensured that the company reaps the rewards.

(Sourced from www.rushlane.com)