MQB: Run-away costs instead of outrageous savings?

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The European auto scene is abuzz, what am I saying, it is ablaze with the news that Volkswagen might miss its profit targets set for 2015. If that happens, the 8 percent EBIT, targeted as part of the Strategie 2018, also will remain a dream, Volkswagen’s CFO Hans Dieter Poetsch warned. This according to a report of the usually well informed Manager Magazin. VW has been raking it in in the past years, while most of its EU peers went hungry. Parts of VW’s pornographic profits were fueled by realized gains from stocks and options amassed during the Porsche-takeover, but a good deal of the money was made the old fashioned way, with cars. [Continue Reading]