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Business

VW net profit soars by 40.9pc

Published: 23 Feb 2013 - 03:32 am | Last Updated: 03 Feb 2022 - 12:58 pm

Workers inspecting the VW Tiguan and Touran models coming off the assembly line in Wolfsburg, central Germany. Volkswagen, Europe’s biggest carmaker, said its net profit soared by 40.9 percent to a record €21.7bn ($28.6bn) in 2012 as revenues rose by 20.9 percent to €192.7bn and deliveries to customers were up 12.2 percent at 9.276 million vehicles.