VW Third-Quarter Profit Beats Estimates on Audi Demand
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Volkswagen AG, Europe’s largest automaker, reported third-quarter profit that beat analyst predictions on sales growth at the Audi and Skoda brands.
Earnings before interest and taxes rose 16 percent to 3.23 billion euros ($4.1 billion), the Wolfsburg, Germany-based manufacturer said in a statement today. The figure exceeded the 2.81 billion-euro average of 13 analyst estimates compiled by Bloomberg. Sales rose 4.1 percent to 48.9 billion euros.