Volkswagen Drives Audi, Skoda Brands to Profit Beat

Volkswagen's third-quarter profits exceeded expectations, reaching 3.2 billion, surpassing the 2.8 billion forecast. Despite strong profits, Volkswagen faces challenges with its profit margin, particularly in its core brand, due to high labor costs in Germany. The company aims to increase its profit margin to 6%. Skoda and Audi have shown strong performance, contributing to a general recovery in the European auto sector. Volkswagen is closing in on Toyota's position as the world's leading car manufacturer, with ambitions to produce 10 million vehicles.

What was Volkswagen's profit before taxes in the third quarter, and how did it compare to analysts' expectations?

• 2.8 billion, meeting expectations

• 3.2 billion, exceeding expectations

• 2.5 billion, below expectations

• 3.5 billion, exceeding expectations

What is the current profit margin for the Volkswagen brand, and what is their target?

• 2.9% current, 5% target

• 4% current, 7% target

• 3.5% current, 5% target

• 2.3% current, 6% target

Which Volkswagen brand showed significant growth, and where did Audi and Porsche perform well?

• Skoda in China, Audi and Porsche in Germany

• Skoda in Germany, Audi and Porsche in China

• Audi in Germany, Skoda and Porsche in China

• Porsche in Germany, Skoda and Audi in China

What was the percentage increase in Renault's earnings, indicating a recovery in the European auto sector?

• 6.7%

• 6.0%

• 7.2%

• 5.5%

How close is Volkswagen to surpassing Toyota in terms of vehicle production, and what is their shared production goal?

• 100,000 vehicles short, 9 million goal

• 72,000 vehicles short, 10 million goal

• 200,000 vehicles short, 10 million goal

• 50,000 vehicles short, 11 million goal