Oct 30, 2014 8:24 AM

Volkswagen Q3 profits jump 56 percent

The Associated Press

FRANKFURT, Germany (AP) Automaker Volkswagen AG says that net profit jumped 56 percent in the third quarter as the company sees continuing sales growth in China and Europe.

The company reaffirmed its profit targets for the year but said Thursday global auto markets would remain dominated by political and economic uncertainty.

Net profit rose to 2.97 billion euros ($3.8 billion) from 1.91 billion euros in the same quarter a year ago. Sales revenue rose 4.1 percent to 48.9 billion euros ($62.4 billion).

Volkswagen saw a notable rebound in sales in its home market, Germany, where it sold 11.4 percent more vehicles.

Its profits beat analyst expectations for 2.43 billion euros ($3.1 billion). Company shares rose 1.23 percent to 164.50 euros ($209.92).


--  Dealing with the Disease of Addiction? Click here for help --

More from NH1.com

NH1 News Debates
NH1 News Replay

NH1 on Twitter

NH1 SkyView Cameras

NH1 on Facebook

Check out NH1 News Rail Polls on LockerDome on LockerDome