UPDATE 2-Volkswagen shines with record 2007 results

Newswire

(Adds details, background, shares) By Christiaan Hetzner FRANKFURT, Feb 29 (Reuters) - Volkswagen beat expectations again with a 40 percent gain in 2007 underlying earnings, promised a substantial dividend increase thanks to the record results and forecast further improvement this year. Higher productivity, continued cost discipline and rising demand, in particular in Asia and eastern Europe, for cars such as the sporty Audi A5 and affordable Skoda Roomster will lead to a rise in ...

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