Volkswagen doubles their profits from last year ($9.1 billion) with $20.5 billion in revenue in 2011Well Volkswagen sure looks in position to meet their goal of world domination. VW exceeded all predictions by industry analysts considerable with a total of $20.5 billion in revenue for 2011. This more than doubles up on their impressive $9.1 billion in 2010. So where did this extra revenue come from? Well, sales went up 15% but the Porsche merger is also factored into these earnings. We will see what happens as the merger gets finalized in 2012, especially with the pending lawsuits against Porsche.
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