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URGENT ¥¥¥ Volkswagen says net profit up 40.9% in 2012

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(Globalpost/GlobalPost)

Volkswagen, Europe's biggest carmaker, said Friday that its net profit zoomed ahead by more the 40 percent last year on higher vehicle sales.

VW said in a statement its net profit soared by 40.9 percent to a record 21.7 billion euros ($28.6 billion) in 2012 as revenues rose by 20.9 percent to 192.7 billion euros and deliveries to customers were up 12.2 percent at 9.276 million vehicles.

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http://www.globalpost.com/dispatch/news/afp/130222/urgent-volkswagen-says-net-profit-409-2012