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VW Shoots for Second-Half Golf Boost as Europe Threat Wanes

Volkswagen AG, Europe’s biggest carmaker, is counting on the rollout of the VW Golf and Audi A3 compacts to increase earnings in the second half as the threat from the region’s auto-market contraction wanes.

VW plans to make up for a 12 percent decline in operating profit in the first half of 2013 to match last year’s earnings for the full year, the Wolfsburg, Germany-based company said today. The optimism for the rest of this year echoes comments from other European carmakers as cost cuts help offset the effects of a six-year slump in vehicle sales.