Volkswagen Surges on Good Numbers

Shares in VW climbed 8% as Europe's biggest carmaker beat profit expectations behind a combination of hit models and cost-cutting

Volkswagen is on a roll. Europe's largest automaker said on Feb. 20 that pretax profit beat analysts' forecasts in 2006 and predicted a "continued positive earnings trend" this year, thanks to cost cuts and popular new models. Shares rose almost 8% in trading on the German stock exchange.

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