Friday, March 9, 2007

Europe Auto Major Volkswagen 4Q Profit Up to $2.03 Billion

Volkswagen 4Q Profit Up to $2.03 Billion

March 9, 2007

Volkswagen AG, Europe's largest automaker, said Friday that fourth-quarter profit rose sharply on strong vehicle sales.

Profit after tax in the final quarter of 2006 rose to euro1.54 billion (US$2.03 billion), up from euro4.35 million in the same period the previous year, the Wolfsburg, Germany-based company said in a statement

Read the full news report from the Houston Chronicle

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