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 the percentage increase in Volkswagen's profit compared to last year?

What are the profit margins for Volkswagen and what is their goal?

What challenges does Volkswagen face regarding labor costs?

Which brands contributed to Volkswagen's earnings growth?

How does Volkswagen's production compare to Toyota's in terms of vehicle numbers?