Volkswagen Q1 up 19 Percent as Cost-Cutting Takes Hold

April 29, 2015 7:33 AM

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Automaker Volkswagen AG says first-quarter profit rose 19 percent as cost-cutting improved profit margins at its namesake brand.

Net profit rose to 2.932 billion euros ($3.225 billion) in the January-March quarter, up from 2.468 billion euros in the same quarter a year ago.

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