VW's Secret AdditiveGail Edmondson
Volkswagen is riding more smoothly from quarter to quarter, now that management has rammed through some tough cost-reduction measures in Germany. Operating profit for the first half of 2007 (before exceptional items)soared 44.5% to $3.8 billion, despite heavy losses in the US market. That catapulted VW’s first half operating margin from 1.8% a year ago to respectable 5.1%.
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