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VW expects record profits from SUVs and cost cutting

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Volkswagen's namesake core brand is on track to post a record operating profit this year thanks to cost savings and its increased sales of sports utility vehicles (SUV's), a senior manager of the unit said. VW's core brand in 2019 has gained market share and has increased its operating profit substantially, Chief Operating Officer Ralf Brandstaetter said on Wednesday in comments embargoed for Thursday.

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VW expects record profits from SUVs and cost cutting originally appeared on Autoblog on Thu, 19 Dec 2019 10:42:00 EST. Please see our terms for use of feeds.

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