Business Summary: Volkswagen AG is engaged in developing vehicles and components for its brands. It also produces and sells vehicles, in particular passenger cars and light commercial vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands. The Passenger Cars segment cover the development of vehicles and engines, the production and sale of passenger cars, and the corresponding genuine parts business. The Commercial Vehicles segment comprises the development, production and sale of light commercial vehicles, trucks and buses, the genuine parts business and related services. The Power Engineering segment consist of the development and production of large-bore diesel engines, turbo compressors, industrial turbines and chemical reactor systems, the production of gear units, propulsion components and testing systems. The Financial Services segment comprises dealer and customer financing, leasing, banking and insurance activities, fleet management and mobility services.
Financial Summary: BRIEF: For the six months ended 30 June 2018, Volkswagen AG (ADR) revenues increased 3% to EUR119.38B. Net income applicable to common stockholders increased 2% to EUR6.45B. Revenues reflect Passenger Cars segment increase of 2% to EUR87.06B, Commercial Vehicles segment increase of 8% to EUR14.56B, Financial Services segment increase of 6% to EUR16.01B, Europe and Other Regions segment increase of 4% to EUR76.41B.