Saturday, February 26, 2011

Headlines: Volkswagen 2010 profit surges

Volkswagen reported a sevenfold increase in its 2010 profit to 6.84 billion euros ($9.42 billion) and forecast higher earnings in 2011.The profit far exceeded the 4.96-billion-euro ($6.83 billion) average estimate of six analysts. Revenue rose 21% to 126.8 billion euros ($175 billion).Volkswagen is counting on growth in Brazil, Russia, India and China to narrow its gap with Toyota, the world's

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