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Volkswagen Q1 up 19 percent as cost-cutting takes hold

2015-04-29 10:31:03| Auto Dealers - Topix.net

" Automaker Volkswagen says first quarter profit rose 19 percent as cost-cutting improved profit margins at its namesake brand and European auto sales show a modest recovery. Net profit rose to 2.93 billion euros in the January-March quarter, from 2.47 billion euros in the same quarter a year ago.

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