Summary Box: Volkswagen seeks sales bump in 2012

AP News
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Posted: Mar 12, 2012 5:02 PM
Summary Box: Volkswagen seeks sales bump in 2012

VOLKSWAGEN 2011: Volkswagen confirmed preliminary full-year net earnings of euro15.41 billion, more than doubling the previous year's profits. Revenues rose 26 percent to euro159.34 billion.

PAYOUT: The record full-year performance means that CEO Martin Winterkorn saw his pay nearly doubled.

ANOTHER LAP: The carmaker said its goal for operating profit this year is to match last year's euro11.27 billion and that cost controls will play a key role in the face of an "increasingly stiff competition in a challenging market environment, especially in certain European countries."