Defense Spending in Germany
- Published: May 2010
Abstract
Well-known brands for mass and luxury cars, offering broad product and geographic diversity. Premium pricing strategy and sizable luxury car business. Conservative financial policy with substantial net liquidity on the industrial side. Operates in the oversupplied, cyclical, and competitive automotive industry, which is characterized by volatile profitability. Significant investment plan of about ?62 billion between 2012 and 2016. Strategic uncertainty on trucks and Porsche, and risk of contingent outflows related to this integration process and of other large acquisition spending. The ratings on German automaker VW reflect its "strong" business risk profile and "modest" financial risk profile, according to Standard & Poor's Ratings Services methodology. We assess VW's business risk profile as "strong," based on its leading market positions in...
Companies mentioned in this report are:
- Volkswagen AG
- Volkswagen Group Services S.A.
- Volkswagen Financial Services AG
- Volkswagen Leasing GmbH
- Volkswagen Financial Services N.V.
- LeasePlan Corporation N.V.
- Volkswagen Bank GmbH
- Volkswagen Finans Sverige AB
- Volkswagen Insurance
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- Volkswagen AG
- Volkswagen Group Services S.A.
- Volkswagen Financial Services AG
- Volkswagen Leasing GmbH
- Volkswagen Financial Services N.V.
- LeasePlan Corporation N.V.
- Volkswagen Bank GmbH
- Volkswagen Finans Sverige AB
- Volkswagen Insurance Co. Ltd.
- Volkswagen Leasing, S.A. de C.V
- Volkswagen Bank S.A., Institucion de Banca Multiple
| Format | Properties | |
|---|---|---|
| Electronic | The report will be emailed to you. |