VW posts third quarter profit of 947 million euros
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German auto giant Volkswagen posted Friday a third-quarter net profit of 947 million euros (1.36 billion dollars), compared with just 23 million in the same period a year earlier.
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STOCKHOLM  - Saab AB reported a gain in its third-quarter profit Friday as contracts for its military and aviation equipment remained steady during the quarter.
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Volkswagen AG, Europe&#39;s largest carmaker, had a seventh consecutive decline in quarterly profit on higher sales incentives and the strength of the euro versus the dollar.
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BERLIN - German airline Lufthansa posted a 125 million euro ($155 million) net profit in the third quarter, more than making up losses from a year ago thanks to stronger demand for air travel, the company said Thursday.
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Fourth-quarter operating profit at DaimlerChrysler rose to 1.877 billion euros ($2.45 billion) despite an operating loss at U.S. arm Chrysler, the world's fifth-biggest carmaker said on Wednesday.
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DaimlerChrysler AG, the world&#39;s fifth- biggest carmaker, reported a third-quarter profit as Chrysler&#39;s US sales rose. Volkswagen AG&#39;s earnings fell a seventh quarter in a row on higher sales incentives and Fiat SpA&#39;s loss widened.
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Automaking giant DaimlerChrysler AG said Thursday it earned nearly $1.2 billion US in the third quarter on good performances from its financial services division and its US Chrysler arm, rebounding from a big loss a year ago when it had a
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DaimlerChrysler DCXGn.DE cut its   2006 operating profit forecast by around 1 billion euros ($1.27   billion) on Friday and predicted U.S. arm Chrysler could lose   1.2 billion euros in the third quarter, much worse than it had   first thought.
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DaimlerChrysler AG said Thursday it earned euro1.0 billion (&#36;1.27 billion) in the third quarter on good performances from its commercial vehicles division and its U.S. Chrysler arm, rebounding from a large loss a year ago.
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German airline Lufthansa posted a euro125 million (US$155 million) net profit in the third quarter, more than making up losses from a year ago thanks to stronger demand for air travel, the company said Thursday.
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The German drug maker Bayer said its third-quarter profit fell 35 percent on costs related to its acquisition of a rival, Schering, but its performance still exceeded analystsÂ expectations. Bayer earned 320 million euros ($419 million) in the three months through September, down from 493 million euros a year earlier. Sales rose 26 percent, to 7.78 billion euros ($10.2 billion). The company, based in Leverkusen, said it booked special charges totaling 139 million euros ($182 million) in the quarter, with 106 million euros ($139 million) of that mostly attributable to the integration of its health care unit with Schering. Bayer bought Schering in June in a deal worth nearly 16.9 billion euros ($22 billion) to strengthen its health care business. The company said its health care unit was Âthe principal growth engine for BayerÂs business in the third quarter,Â with sales climbing 73 percent, to 3.48 billion euros ($4.56 billion).
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German auto giant Volkswagen on Sunday said it had sold a record number of 3.37 million VW vehicles in the first 11 months of 2007.
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German premium carmaker BMW reported a smaller-than-expected 7.6 percent rise in third-quarter pretax profit Wednesday, but reaffirmed its forecast for record revenue, earnings and car sales in 2004.
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SAP AG, the German business management software maker, reported a 15-percent jump in third-quarter net profit Thursday to euro291 million (US$366 million), citing increased sales across the globe.
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Volkswagen AG reported a 65 percent drop in third-quarter net profit from the same period a year ago amid fiercely competitive markets and difficult economic conditions such as a strong euro and high oil prices.
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DaimlerChrysler&#39;s third-quarter operating profit rose 7 percent, just below analyst expectations, as gains at US arm Chrysler helped offset weaker earnings at premium automaker Mercedes.
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German airline Lufthansa posted a 125 million euro ($155 million) net profit in the third quarter, more than making up losses from a year ago thanks to stronger demand for air travel, the company said Thursday.