VW reports soaring first-quarter sales, earnings

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Germany's Volkswagen said on Wednesday that first-quarter operating profit rose to 848 million euros (1.1 billion dollars) from 312 million euros, on sales of 28.6 billion euros, up 19.4 percent.

Europe's biggest automaker said that pre-tax income soared to 703 million euros from 52 million euros in the year-earlier period. Net profit rose to 473 million euros from 243 million euros.

© 2010 AFP

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