Volkswagen profit jumps as it warns of a cooling auto market

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Volkswagen says its profits jumped 44% in the third quarter thanks to a more profitable mix of vehicles in its lineup but warned that global car markets are slowing more than expected and lowered its forecast for annual sales. The sales margin of 7.8% exceeded the goal of 6.5-7.5% as vehicles bringing higher profits took a larger share of sales.

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Volkswagen profit jumps as it warns of a cooling auto market originally appeared on Autoblog on Wed, 30 Oct 2019 08:31:00 EDT. Please see our terms for use of feeds.

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