Volkswagen Profits Up Thanks to This Move
Volkswagen shares were up 2% shortly after their announcement of a 30% rise in second quarter operating profits despite seeing a drop in vehicle sales.
So what caused this shift?
As the demand for passenger cars in the United States took a hit and was declining, Volkswagen made a shift into the higher margin marketplace, sport utility vehicles.
Rising to 3.9 billion euros from 3.2 of the second quarter of last year it surely was increased by the lack of the diesel charge the company was hit with earlier in the year.
Volkswagen has stated their deliveries in 2019 to surpass the prior year’s figure all the while having the passenger car and commerical vehicles divisions to grow by at least 5%.
As an enthusiast we always like to see the auto maker manufacturing vehicles which can serve our community. Surely they have done that on the VW side with the MK7 Golf R as well as the Audi RS3 and TTRS on their other brand. But what do we think of these new premium SUV’s?
Surely we see the direction they are following with the SUV market by building modular type vehicles with many tech and hardware crossing over among all vehicles. But if you do happen to pick one of these SUVs up for a daily driver are you stuck with a visually boring SUV or can you have just as much fun with it as your weekend warrier, the GTI or R?
Volkswagen has showcased both of these SUV’s at the all popular Waterfest car show this year as seen below. And we must say, they look pretty badass.
What do you think of these concepts?