Down 74% of the profits of the first quarter 2009 Volkswagen

The German car manufacturer Volkswagen announced Wednesday a drop from 74 percent of its profits in the first quarter of 2009 due to lower demand for its cars and trucks due to the global crisis.

In this surprise announcement made prelude of the official report, the firm Wolfsburg precise its net income for the first quarter increased from 929 million euros ($ 1.49 billion Cdn) in 2008 was € 243 million ( $ 389,700,000 CAN) this year.

Similarly, Volkswagen sales were down 11 percent to 24 billion euros (C $ 38.5 billion) from 27 billion euros (C $ 43.3 billion) realized in the first quarter of 2008.