Volkswagen says 1st half net profit rises to US$2.69 billion News AutoNews24h.com

Volkswagen says 1st half net profit rises to US$2.69 billion

Auto News : Auto Industry : Volkswagen : Volkswagen says 1st half net profit rises to US$2.69 billion

FRANKFURT, Germany (AP) _ Volkswagen says its profit in the first six months of 2007 rose by more than 65 per cent.

Europe's biggest automaker by sales says it earned 2.69 (b) billion dollars U-S in the January-June period.

That compares with 1.65- (b) billion dollars U-S a year earlier.

The German-based company credits better-than-expected sales in Europe and China and demand for its luxury Audi models.

The company did not immediately break down its second-quarter results.

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