Volkswagen Optimistic About Sales Growth as Europe Sees Recovery

Bloomberg - July 31, 2013

Volk­swa­gen is count­ing on the roll­out of its VW Golf and Audi A3 com­pacts to increase earn­ings in the sec­ond half as the threat from the Europe’s auto-mar­ket con­trac­tion wanes. The Ger­man automak­er plans to make up for a 12% decline in oper­at­ing prof­it in the first half of 2013 to match last year’s earn­ings for the full year. Europe is show­ing signs of a slow recov­ery.

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