The results shattered analyst expectations, and Chief Executive Norbert Reithofer said manufacturing would run at 90% capacity this year.
Although Daimler raised its earnings outlook and Volkswagen is on pace to sell a record 6.3 million vehicles, Peugeot head Philippe Varin warned that for the rest of the year “the economic context is clearly going to be less favorable than in the first half.”
For those who think Germany can continue to grow and lead the euro zone out of its recession should take a look at iShares MSCI Germany Index Fund (NYSEArca: EWG).
For more stories on Germany, visit our Germany category.
Sumin Kim contributed to this article.