VW brand operating profit soars, full year forecast hiked

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Soon after beating analyst estimates and posting strong third quarter earnings boosted by cost cuts and strong demand for Volkswagen Group products in China, Brazil and the US, the core VW brand said nine month sales rose 8.3% year on year to EUR58.9bn (US$68.4bn) with operating profit more than doubled - before special items - to EUR2.5bn from EUR1.2bn in red ink last year.