Volkswagen annual profits double to 15.8bn euros; 24 February...

Volkswagen annual profits double to 15.8bn euros; 24 February 2012

'It delivered more than 8.2 million vehicles, up almost 15% on 2010'.

'VW plans to spend 62bn euros on new plants and models in the next five years, as well as on research and development. It will also hire 50,000 more staff in the next six years'.

'But like other carmakers, Europe's economic slowdown continues to be a drag on Volkswagen'.

http://www.bbc.co.uk/news/business-17152843

Reads to be demand side boost to me, even with European headwinds! I wonder where all those cars are going?

Gus