Volkswagen Predicts Increased Sales and Profit for This Year
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The Skoda Fabia and Audi A5 models have attracted more customers and a corporate overhaul has reduced production costs.
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Volkswagen  plans to prices its vehicles in the U.S. market more aggressively and drop costly features many customers there don't want, Chief Executive Martin Winterkorn was quoted as saying.
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FRANKFURT, Germany Aug. 23, 2004 - Automaker Volkswagen said Monday there is &quot;no room&quot; for wage increases this year as it prepares for pay talks with Germany&#39;s largest industrial union.
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Volkswagen says full-year profits more than double fuelled by unit sales and increased demand for new models.
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DaimlerChrysler AG&#39;s Mercedes Car Group Thursday warned that operating profit for this year will decline despite a rise in car sales, as it boosts spending to improve product quality.
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BMW , the world's largest premium carmaker, expects record vehicle sales and greater efficiency to help boost its pretax profit in 2007 beyond last year's underlying result, it said on Wednesday.
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Volkswagen  aims to increase its market share in China after sales to the Asian country boosted VW's group unit sales by 7.6 percent in the first two months of this year, it said on Tuesday.
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Third-quarter operating profit at Volkswagen  rose more than 50 percent thanks to resurgent earnings at its core VW brand after the world's fourth-largest carmaker cut thousands of jobs last year.
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The automaker predicts better profits in 2005.
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Porsche AG, Europe&#39;s most profitable carmaker, said it&#39;s ``confident&#39;&#39; about growth in the current fiscal year after four-month sales rose 4 percent as the company sold more 911 sports cars and Cayenne sport-utility vehicles.
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German auto giant Volkswagen posted Friday a third-quarter net profit of 947 million euros (1.36 billion dollars), compared with just 23 million in the same period a year earlier.
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LONDON, October 7  - Volkswagen AG (VOW.ETR) has appointed Wolfgang Bernhard, a former Chief Operating Officer at DaimlerChrysler&#39;s Chrysler unit, to turn around the sales of the Volkswagen brand, which accounts for half of the company&#39;s
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BERLIN Volkswagen says its full-year net profit fell 31 percent in 2004. The German automaker fought headwinds from the weak dollar and sluggish consumer spending in Germany.
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German car maker Volkswagen  said on Tuesday its sales in the United States fell 7.2 percent year-on-year in September to 20,082 vehicles.
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Toyota Motor Corp. (7203.T) said on  Monday it expects to increase its European sales in 2007 by  about 100,000 units to 1.22 million vehicles, including its  Lexus brand, for its 11th straight year of record sales.
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TOYOTA today said it expects its worldwide sales to rise by seven per cent next year to a record 8.03 million vehicles as it boosts production in almost every corner of the globe.
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Volkswagen, the biggest European automaker, sold a record 4.61 million vehicles worldwide in the first nine months of 2007, an annualised increase of 8.2 percent, it said Thursday.