Volkswagen Sitting Pretty
It is no secret that Volkswagen has had a number of bountiful years running. This stretch of good fortune is one that the automaker has good reason to expect will continue.
The German automaker made steady gains in part due to the downfall of the American big three, since reversed, and the impact of the earthquake and tsunami on the Japanese automakers. In fact, Volkswagen has gained so much market share, that it is considered by some to be the world’s largest automaker.
Volkswagen has announced that it has $22.3 billion cash in the bank and it expects a steady profit throughout 2012. VW is going to use this stash of cash and its flowing profit stream to be more downright aggressive with its auto sales, and that means better VW deals for shoppers.