Volkswagen Profit Rises 58% – Wall Street Journal

Posted: Friday, October 31, 2014

BERLIN—Volkswagen AG reported sharply higher profit and steady sales growth in its third quarter, aided by less currency turbulence and strong earnings at its Audi, Porsche and Skoda brands.

Results by the Wolfsburg, Germany-based auto maker exceeded analysts’ earnings forecasts and VW reaffirmed its outlook for the full year, helping send its shares 2.2% higher on Thursday on the Frankfurt Stock Exchange.

VW’s shares have…

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