Going forward, Volkswagen?s profits could rise on the back of anticipated growth in high-end luxury vehicle volumes, owing to rising wealth and deeper penetration in developing markets. In the second quarter as well, operating margins expanded 12.5% due to higher profits for the luxury brands Audi, Porsche and Bentley, despite a 32.5% fall in operating profits for the namesake passenger cars lineup.
Source: Markets
Author
Harry Joiner
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