WOLFSBURG, Germany (Reuters) – Volkswagen , Europe's biggest carmaker, will step up production in fast-growing emerging markets like China to offset deteriorating demand closer to home, it said on Thursday. Operating profit at the German group's main VW brand, which provides almost a third of group earnings, fell 4.1 percent last year to 3.64 billion euros ($ 4.7 billion), the company said in its annual report. The VW brand's German-market deliveries slumped 9.4 percent in the first two months of this year, highlighting the company's exposure to a flagging European economy. …
There are no comments yet. Why not be the first to speak your mind.