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Newswire

FRANKFURT, Oct 26 (Reuters) - Volkswagen posted a nearly 50 percent gain in nine-month operating profit thanks to resurgent earnings at its core VW brand after the world's fourth largest carmaker cut thousands of job cuts last year. Beating market expectations, the Wolfsburg-based company said on Friday it had increased its operating profit to 4.28 billion euros ($6.12 billion), better than the 4.12 billion average in a Reuters poll of 12 analysts. Volkswagen reaffirmed it would reach ...

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