Spectacular Reversal of Volkswagen Fortunes
Volkswagen reports 1976 profits of 418 million dollars on 8.9 billion in sales after 1975 losses. Toni Schmucker cites model line expansion and global economic adjustments as the key factors. He notes 27,000 jobs cut in 1975 and a 3.6 percent rise in the worldwide workforce in 1976.
MENTIONED IN THIS ARTICLE
New York Times
Wolfsburg
West Germany
Volkswagen Group
Toni Schmucker
Volkswagen Management Board
Schmucker
Volkswagen
Volkswagenwerk AG
United States
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