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VW 2008 Profit to Hit US $6.92 Billion, Automaker to Hit India, Russia

Chief Executive Martin Winterkorn told the VW shareholders that Volkswagen AG is set to post a pretax profit of at least 5.1 billion euros that is US$6.92 billion in 2008 because of its higher sales of its cars in Asia and Europe, and the United States fuel growth.

He also said the German automaker -- famous for its Beetle and durable VW disc -- will become more involved in the Indian and Russian markets and has outlined plans to expand production and sales in both countries, which are seeing a growing demand for new cars.

Speaking at the automaker's annual meeting, Winterkorn did not lay out an earnings goal for this year, which the company said earlier would likely surpass the 4.4 billion euros earned in 2006. He said in the meeting that the Volkswagen group has experienced 12 eventful months. He further explained the collective wage agreement in October and the return to a five-day week represent a big step toward more competitive labor costs, higher capacity utilization and secured jobs.

The company has spent nearly two years cutting some 20,000 jobs from its German workforce because it strives to become more nimble in the face of rising competition from European and Asian rivals. Because of the restructuring, the company's workforce was reduced to 94,000 employees; a 7 percent decrease from its previous number of employees. Workers at the six plants in western Germany also extended their workweek to from 28.8 hours 35 hours.

Winterkorn said the company, which is establishing production in India and Russia, is working hard in those two countries to build a good image in both markets.

India is one of the fastest growing automotive markets worldwide. Noting that Volkswagen sells Audis in the country and that some models from its Skoda unit are already built in India and Russia, Winterkorn said they are intent on playing a key role in shaping this growth.

Winterkorn further said because of the high tariffs on imported vehicles, however, Volkswagen will only be able to build a satisfactory presence in India if they also manufacture there directly. That is why VW will build a plant near the city of Pune at which it will start producing models including a small car designed to the needs of their customers in the Indian market, beginning in 2009.

Volkswagen expects to start assembling VW and Skoda models at its new plant in Kaluga near Moscow by the second half of this year, but is aiming to eventually have a complete manufacturing presence.

Same in India, Volkswagen?s objective in Russia is to attain a full manufacturing process. Once the body shop, paint shop and assembly line are ready, they will be able to start manufacturing Volkswagen and Skoda models in Russia two years from now.

Winterkorn said Porsche AG's decision to recently increase its stake in VW was a sign of continued strengthening of the cooperation between the two companies ? Porsche and VW. Winterkorn believes that Porsche has faith in Volkswagen's potential.

Last month, the German luxury automaker raised its holding in Volkswagen to 31 per cent in a move that it said was aimed at protecting VW from a hostile takeover. Followed by the German state of Lower Saxony, which holds nearly 20 per cent, Porsche is now VW's biggest shareholder.

A German law that limits Volkswagen shareholder voting rights to a maximum of 20 per cent appears likely to be ruled unlawful by European Union judges, but these holdings would leave the automaker protected.

The meeting came a day after the Wolfsburg-based company said it earned 740 million euros, or just over $1 billion, in the January-March period, compared with 327 million euros a year earlier.

Sales rose 5.1 percent to 26.6 billion euros that is $36.1 billion, from 25.3 billion euros.

Big gains in China and Eastern Europe, and a modest gain in the United States, helped offset a dip in sales in Volkswagen's German home market after the country increased its value-added tax rate in January.

For more about your VW parts needs like VW disc, visit your trusted online source. Benjamin Hudson works as a supervisor at one of the top engineering firms in the business district of Louisiana. He is also a freelance journalist and has passion for anything automotive.

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Straight From the Heart

Straight From the Heart
BOLLYWOOD MUSICAL COLLECTION! Nandini (Aishwarya Rai) the daughter of singer Pandit Darbar (Vikram Gokhale) loves his student, Sameer (Salman Khan). However, Vanraj (Ajay Devgan) sends his proposal to her father. Sameer and Nandini are caught romancing each other, and as a payment for teaching Sameer music, Darbar demands Sameer forget Nandita. After the marriage takes place, Vanraj comes to know about Nandini's love for Sameer. He decides to unite the lovers even in the face of ridicule by society and takes Nandini to Italy to search for Sameer. They find Sameer... but Nandini is now torn between Vanraj, whom she has come to respect and Sameer, whom she loves.

Rectangular Brocade Silk Designer Scarves Womens Accessory (nssb033)

Rectangular Brocade Silk Designer Scarves Womens Accessory (nssb033)
Brocade silk rectangular Designer scarf are generally worn by Indian women on formal occasions. It has some extra shine coming from the metallic thread used in the fabric. The metallic thread provides some stiffness to the fabric and so many women also use these scarves as table runners.

Indian brocade rectangular silk scarf is often long and narrow, usually worn on or near the head, for warmth, fashion, cleanliness, or religious purposes. In dry, dusty climates, or in environments where there is a lot of airborne contaminants, a thin scarf is often worn over the head to keep the hair clean. Over time, this custom has evolved into a fashionable item in many cultures, particularly among women. Scarves in India have a significant place and traditional value. They are significant because they are considered a protector of women's integrity. Women's outfit in India is considered incomplete without a long scarf. The fabric of a scarf can be cotton, chiffon, georgette, silk, net or sometimes mixed too. These are integral parts of the salwar kurta, lehenga, and churidar. With cultural exposure from Europe, these scarves found their way to the western wardrobes too.

Iqbal - A Story Above Cricket

Iqbal - A Story Above Cricket

Brownish Maroon designer wear embroidered kurti (women's tops) / Tunic

Brownish Maroon designer wear embroidered kurti (women's tops) / Tunic
Straight from the Indian designer, get the fusion expression. Whether it is beads, threads, hand work, sequins or machine embroidery, we have choices, styles, cuts and colors to match any mood, suit any occasion. Team them up with formal skirts or wear them to a casual picnic over jeans kurti is the new word for comfort. If you are looking out for quality Indian kurti / kurtis look no further. You are sure to be complimented on your choice!

Voyage to India

Voyage to India
India Arie seems comfortable in her own body. She told us as much on both "Video" and "Brown Skin" from her stunning debut album, Acoustic Soul, which celebrated the diversity of feminine beauty, self-acceptance, and spirituality. She addresses similar themes on her second outing, although much of her original soul-scouring fire is gone. While she still preaches self-empowerment, many of her lyrics veer toward the trite, and that's not where we expected to go on this Voyage to India. In fact, there are very few self-revelatory moments like the ones on Soul. Arie seems bent on journeying to the center of womankind's mind, rather than unearthing more of her own autobiography, casting herself as adviser to the disempowered. But that is not where Arie shines. When she strips her voice down to its unvarnished essence--leaving all the imperfections in the mix--she is a lithe, ethereal presence. She's capable of raising chills, as when she sings of a man who foretells his death on "Good Man." Or on "Complicated Man," where she lets her voice run ragged, brimming with raw emotion while describing her imperfect love. Despite some glibness, this is still a voyage worth taking. --Jaan Uhelszki

India Boy Outfit

India Boy Outfit
3 to 5 years. Dramatic play just got more exciting! This India boy outfit can enhance and support multicultural education. Comes with information cards describing the fabric, its country of origin, and suggested activities to help children learn about cultural differences and similarities. Wash separately in cold water, hang to dry.

Primal Wear Men's Mojo India Pale Ale Beer Short Sleeve Cycling Jersey - MOJJER

Primal Wear Men's Mojo India Pale Ale Beer Short Sleeve Cycling Jersey - MOJJER
Red and Electrifying are the colors in this jersey. Get your Mojo going with this Boulder Beer. Top features include: Club cut Set-In- a traditional style jersey with sleeves that start at the shoulder, a 3/4 hidden zipper and 3 rear pockets. 100% Prosensor -forces moisture away from the body to the face of the fabric allowing for quick dispersion of moisture and speeds drying.

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Mallywood Mammotty and Mohanlal leave apart teenagers!

Mon, 19 Nov 2007 12:58:17 -0800
Mallywood Mammotty and Mohanlal leave apart teenagers! Mammotty and Mohanlal leave apart teenagers! (Mammoty and Mohanlal) Malayalam cinema superstars Mammootty and Mohanlal meet head-on desperate times. They have enjoyed box-office domination for over 20 years but those glorious days seem to be past. All their films in the last two years have flopped forcing Malayalam filmmakers to look for newer, younger heroes. I think apart from hardcore fans everybody like good movies, wh