VW increases its profit by 31 percent - je 23.07.2008 18
Michael BärJuly 23, 2008
A big day for Europe's largest car maker Volkswagen. The automaker has posted glowing First- half figures, including a 31- percent increase in net profits. And, in related news, German sports car maker Porsche won permission from the European Commission on Wednesday to increase its stake in VW. The luxury sports car maker already holds a 30- percent stake, but aims to gradually lift it to over 50 percent in the long term.