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« Audi to introduce the A5 in Geneva | Main | Europeans ready to cut emissions further »

February 21, 2007

VW profits up in 2006, boosted by sale

Volkswagen said Tuesday its profit jumped to $3.61 billion in 2006 from $1.12 billion in 2005. The company, Europe's biggest automaker, said its earnings were boosted by the sale last March of Europe's largest car rental company, Europcar, to Eurazeo for $1.5 billion, according to a report in The New York Times.

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Peter C. T. Elsworth
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