GKN profit up 19 pct, sees European auto weakness in 2013

Newswire

LONDON, Feb 26 (Reuters) - British car and plane parts maker GKN posted a better-than-expected 19 percent rise in full-year profit, boosted by growth at its Driveline autos unit, which benefitted from rising car sales in the United States. GKN, which makes chassis and axles for carmakers such as Volkswagen and airframes for planemakers Airbus and Boeing, on Tuesday reported a 2012 pretax profit of 497 million pounds ($750.94 million) on revenues 13 percent higher at 6.9 ...

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