As a result of the sterling performance, Volkswagen is sharing a portion of the 2012 profits with its German employees. As a result, each of the 100,000 VW staff will receive 7,200 (S$11,696) in bonus.
"Profit sharing is hard earned and deserved. It is the equitable participation of employees in the success," said VW board member Horst Neumann. "The Volkswagen team has done an excellent job in 2012, and this team effort pays off for everyone." However, he cautioned that the consequences of the financial crisis in southern Europe have not been overcome and the road is bumpy.