Volkswagen Still on Shaky Ground

The German auto maker has been touting big turnaround plans, but it still loses money on each car exported to the U.S.

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Europe's largest auto maker, Volkswagen (VLKAY), has tantalized investors since 2004 with its bold restructuring plans and robust profit targets for 2008. In anticipation of a vigorous VW revival, the company's stock has doubled over the past two years, to around €61 ($77) a share.

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