VW is struggling, but thanks to Audi and Porsche it could have a great 2015
AP
However, VW also controls Audi and Porsche, two of the biggest luxury brands in the world.
And Porsche and Audi are anything but struggling these days.
As a result, Volkswagen has decided to to stick to its guidance for operating profit after posting record earnings last year on double-digit gains in Audi and Porsche sales.
Europe's largest carmaker said on Friday the group operating margin could come in a range between 5.5 percent and 6.5 percent, same as last year's projection.
The German group raised its forecast for revenue, saying it could exceed last year's record 202.5 billion euros by as much as 4 percent.
That's a pretty satisfying bit of guidance for VW - evidence of how important luxury brands currently are to the world's automakers.
NOW WATCH: How to make your commute less miserable
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
- India legend Yuvraj Singh named ICC Men's T20 World Cup 2024 ambassador
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market