German carmaker Volkswagen reports strong profits at bottom line
German carmaking giant Volkswagen recorded increased profits last year, benefiting from improvements in day-to-day business, the company said Wednesday. Profit after tax rose from €15.8 billion ($17.3 billion) in the previous year to €17.9 billion, as the DAX-listed company announced in Berlin. This represents an increase of around 13%. Europe's largest car manufacturer had already presented the majority of its figures at the beginning of March. Thanks to a 12% increase in deliveries, turnover c
Source: yahoo.com
