Sunday, December 9, 2012

Volkswagen Gets Over 60,000 Orders for New Golf -Report

FRANKFURT--Volkswagen AG (VLKAY, VOW.XE) received more than 60,000 orders for its new Golf car, beating expectations, Germany's FAS newspaper said in a pre-release of an interview with VW's chief financial officer to be published Sunday.

"We're doing well. In November, group deliveries were roughly 10% up from the previous year," driven by sales of the new VW Golf, Hans Dieter Poetsch was reported as saying. Apart from VW's German truck and engineering unit MAN SE (MAGOY, MAN.XE), which has announced short-time work for January, "there is, from today's perspective, no threat of short-time work" elsewhere in the group, he was quoted as saying.

The loss at VW's troubled Spanish Seat brand is expected to narrow "by a two-digit million amount" this year, according to FAS.

Write to Nina Koeppen at nina.koeppen@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

December 08, 2012 15:47 ET (20:47 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Source: http://www.euroinvestor.com/news/2012/12/08/volkswagen-gets-over-60000-orders-for-new-golf-report/12159453

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