Volkswagen posted a 26.8% increase in net profits. The group’s net profit was €2.47 billion during the first quarter, up from €1.95 billion in the same period last year.
Audi luxury division saw an operating profit on a level with the previous year first quarter €1.3 billion. Porsche reported an increased operating profit of €698 million.
Volkswagen’s first-quarter sales revenue was €47.8.
Source: The Associated Press via The Detroit News
