Volkswagen's VW brand increases Q1 oper margin

Newswire

FRANKFURT, April 30 (Reuters) - Volkswagen , the world's fourth-largest carmaker, reported on Wednesday that operating profit at its core VW brand rose 19 percent in the first quarter to 461 million euros ($718.1 million). Revenues were flat at 18.09 billion euros, translating to a near 2.55 margin versus last year's 2.14 percent. (Reporting by Christiaan Hetzner)

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