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

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