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VW is struggling, but thanks to Audi and Porsche it could have a great 2015

Feb 27, 2015, 23:02 IST

Volkswagen has been struggling to build up its brand in the the United States while also competing with General Motors and Toyota globally.

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However, VW also controls Audi and Porsche, two of the biggest luxury brands in the world.

And Porsche and Audi are anything but struggling these days.

As a result, Volkswagen has decided to to stick to its guidance for operating profit after posting record earnings last year on double-digit gains in Audi and Porsche sales.

Europe's largest carmaker said on Friday the group operating margin could come in a range between 5.5 percent and 6.5 percent, same as last year's projection.

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The German group raised its forecast for revenue, saying it could exceed last year's record 202.5 billion euros by as much as 4 percent.

That's a pretty satisfying bit of guidance for VW - evidence of how important luxury brands currently are to the world's automakers.

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