In the wake of a solid first quarter that saw Volkswagen AG increase its sales, revenue and operating profit, the auto maker cautions there is only “modest” growth ahead. VW reports global sales of 1.36 million units, up 15.1% compared with the first quarter of 2005. And its sales revenue jumped 21.4% to €25.3 billion ($31.9 billion), which contributed to a 55.1% hike in operating profit – before special items – to €726 million ($917 million). Meanwhile, the auto maker’s VW and Audi ...

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