Volkswagen is making progress in its quest to be the one automaker to rule them all. According to The Detroit Bureau, Volkswagen saw profits more than double last year as sales increased by 14.7 percent. All told, the company earned $20.5 billion in 2011, up from $9.1 billion the year prior. The profit figure is well ahead of what industry analysts predicted for the German automaker. Total revenue is up by 26 percent as well, which is around two percent more than forecasters calculated.

It's worth noting that a fair chunk of the automaker's earnings were due to the ongoing merger battle between Volkswagen and Porsche. Last year, Porsche attempted a raid on Volkswagen stock in an attempt to take over the larger company before Volkswagen had a chance to swallow the smaller manufacturer whole. The effort failed, however, and while Porsche is now facing down multiple lawsuits as a result of the company's stock assault, Volkswagen enjoyed a swell in pre-tax profits last year – 18.93 billion euros in 2011. In 2010, the automakers pre-tax profits were 8.99 billion euros.


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  • 16 Comments
      Hazdaz
      • 2 Years Ago
      Well duh profits are going to go up, when a company de-contents and cheapens its products and yet still sells them for about the same amount of money. Maybe VW should think about taking some of those profits and investing them back into improving their quality and durability, as well as thinking about not making their mass-market US models so cheap-looking.
        AnthonyL
        • 2 Years Ago
        @Hazdaz
        "when a company de-contents and cheapens its products and yet still sells them for about the same amount of money." I own a 2009 VW GTI and my wife drives a 2012 Passat. Sure the new Passat isn't as nice as the outgoing model but guess what, the base prices was over 7k cheaper! Your statement is factually wrong.
        Georg
        • 2 Years Ago
        @Hazdaz
        you know that VW does not make that profit in the US of A it does make the most of this profit in europe and asia were they do not sell cheaped out cars...thats a think only made for US customers You donĀ“t get a huge sale plus if you sell unreliable products ...here the real world owns the internet trash talkers hard... in real world reliabilty and brake down statistics based on million cars not some thousend cosumer reports VW is as good or bad as all other... in Europe a Golf ranks together with the Honda Civic at the same place in the top10 of its class reliabilty ranking... and uhh both have like ALL other modern cars the same main problem electronics.. this ranking is based on million of car inspections by government agencys like the TUEV
        ndcart
        • 2 Years Ago
        @Hazdaz
        Curious, when was the last time you owned a VW? My wife has a 2010 Tiguan, and it's been absolutely fantastic. I always here about quality issues with VW, but maybe we just got lucky.
      Lou
      • 2 Years Ago
      Maybe Jetta buyers don't mind hard plastic interiors. OH GOD ARE AUTO JOURNALISTS COMPLETELY OUT OF TOUCH WITH THE COMMON MAN???
        Zoom
        • 2 Years Ago
        @Lou
        They apparently aren't. The new Jettas are everywhere.
          Hazdaz
          • 2 Years Ago
          @Zoom
          @ Lou the key word in your comment is STARTING. We've gone over this before when this new round of cheapness VWs first came out... Their base model is not what anyone is going to buy. Once you option it up to a level that the old cars started at, you are only a couple of hundred cheaper... Not worth it since you still have a fairly cheap looking interior.
          dabz723
          • 2 Years Ago
          @Zoom
          Agreed, as much as I hate the new jettas, they obviously did something right because people are buying...
          Lou
          • 2 Years Ago
          @Zoom
          @Hazdaz, yeah popularity doesn't mean good, but what mainstream car company wouldn't trade good reviews for insane popularity? I also don't think the Jetta is a bad product (not Bieber bad), and I think a lot of auto journalists are so short sighted. HARD PLASTIC! Is it a great $30k car? No. But luckily, it starts around $17k.
      • 2 Years Ago
      [blocked]
        Georg
        • 2 Years Ago
        if 14.7% represent 1.22million vehicles yes you should be impressed
      dabz723
      • 2 Years Ago
      It seems people are ok with "cheap plastics" in Kias and Hyundais (some that are very competitive in price with the new jetta) but not in VWs. Why?
      Stormtrooper
      • 2 Years Ago
      VW, go, go, keep going up, like Toyota did before. The road up ahead turns slippery.
      • 2 Years Ago
      [blocked]
      Emmsys
      • 2 Years Ago
      Of course profits are up, the Jetta is everywhere! It can't cost much to keep producing the same 2.0l 8 valve engine that my 1994 Jetta had except now it's wrapped around one of the cheapest and crappiest quality interiors around! Gooseneck hinges in the trunk, no gas shocks to prop up your hood, a radio that made my Dad's old Monte Carlo AC Delco radio look like a Bose etc. etc. All the stuff that made my 1994 Jetta seem much more upscale and higher quality are gone! And as others have said...it looks like people really don't care as every second car in Montreal is a 2011+ Jetta. I would really like to know how many of these new Jetta owners would get another VW after this. I bet not many will. They will realize that VW is not the upscale manufacturer they used to be.
        Carlos Cruz
        • 2 Years Ago
        @Emmsys
        While I agree 100% with what you said, for people that liked the better Jetta they now have the GLI, and for people who liked the GLI they are pushing the A4. It is all about capturing the Corolla/Civic and the Camry/Accord market. For people who like the old VW they will either offer a GLI instead of the Jetta or a CC instead of the Passat.
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