 VW believes it is now on the road to further profit growth |
Shares in Volkswagen rose more than 3% after the German car giant raised its earnings outlook for 2008. The world's fourth-largest carmaker forecast its pre-tax profits would exceed 5.1bn euros (�3.5bn; $6.7bn) in the coming year.
Recently-installed chief executive Martin Winterkom said the company planned to lift the fortunes of its key VW brand by increasing productivity.
Volkswagen unveiled full-year net profits of 2.75bn euros in February.
Shares in the Wolfsburg-based company were up 3.05% at 103.35 euros by the close of trade on the Frankfurt Stock Exchange.
One-Minute World News 
News services
E-mail this to a friend 
Printable version 
