Performance Analysis free essay sample

In 2010, the global economy had shown a slight recovery from the downfall of previous year, despite the expiry of government economic stimulus programs in many countries. The continued expansionary monetary policy and the rapid growth expansion in the emerging markets led to above-average growth of the global economy. High-export countries such as Germany benefited from the double-digit growth of global trade. The automotive industry as a whole recovered from previous year’s financial and economic crisis and riding on this upstream Volkswagen Group successfully strengthen its market position setting a new milestone with its output exceeding the seven million mark for the first time, an impressive increase of 13. 7% vehicle deliveries. Basically, the Volkswagen Group is subdivided into two divisions which is Automotive Division that focus on the development of vehicles and engines, the production and sale of passenger cars, commercial vehicles, trucks and busses and the genuine parts business while the Financial Services Division’s provides financial solutions to its clientele such as dealer and customer financing, leasing, banking, insurance activities and lastly fleet management. We will write a custom essay sample on Performance Analysis or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Performance In year 2010, Volkswagen Group recorded an increased in unit sales of 15. 4% year-on-year to 7. 3 million vehicles while sales revenue was up by 20. 6% to â‚ ¬126. 9 billion. Furthermore, the Western Europe counter-parts have yet to redeem themselves from the 2008 financial crisis contributed to the slowdown. Although there is also an increase in sales in Europe or remaining markets, especially because of the rapid new car registration in Russia, it was not sufficient to offset the overall decay in sales revenue for the region. Meanwhile for North America, unit sales of group vehicles was 0. million and the sales revenue improved by 33. 3% to â‚ ¬15. 2 billion. In South America, with a growth rate of 7. 5% in Brazil and 8. 3% in Argentina, the group sold 0. 9 million units far exceeding the previous year’s figure by 9. 7%. Judging from the figures mentioned earlier, in seems that the automotive industries in established markets were heavily supported by government economic stimulus programs in 2010. In the case of Volkwagen Group, the incentives provided by their home country was the main catalyst behind their strong surge in sales during the financial turmoil allowing them to improve their market share in the small vehicles segment. Besides political help, the weakening of the euro in 2010 strengthens the income proceeds generated from abroad. Hence, in order to ensure its business remains profitable, Volkswagen Group would continue to strenghten their foothold in developing nations such as China, India, Russia and Brazil where growth opportunities are still present.

Capitalism vs Communism essays

Capitalism vs Communism essays Capitalism and Communism are two totally different economic systems. Capitalism is a much better economic system than Communism. Capitalism is an economic system characterized by freedom of the market and is the economic system where you do not have freedom because the government will make most of your decisions for you. Capitalism has many pros to go along with its economy. The government will change gradually, but is able to adjust to it with ease. Each person also has individual freedom with lack of government interference. We also have the freedom to choose what we want and when we want it. On the other hand, not everybody will have a job, and the government will not help him or her find one. If you do have a job, everyone will be getting paid the same amount of money as you do. It all depends on what you do, whom you work for, and how long you decide to work. Communism has many drastic chances at a time, but is able to handle them. The bad things about communism is that everybody has a job, but no matter how much you work or whom you work for, you will always be getting paid the same amount of money as everyone else. Another bad thing about communism is that consumers will not always get what they want because the government decides on what you will buy. When you go to the store, you have a choice of what you want to buy. If you are communist, the government decides for you. Because of this, you can not always get what you want which is why communism is not a good economy to live in. In our economy, you must work to make money. The more you work, the more you will get paid and now you will be able to buy what you need, and what you want. In a communist economy, you can work as much as or as little you want, but you will still get paid the same amount of money as everyone else. Why would you want to work so hard if you were going to make the same amount of money? If you hardly ever put any effort ...