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Last Updated: Friday, 9 March 2007, 18:04 GMT
Upbeat forecast lifts VW shares
Audi Q7
VW believes it is now on the road to further profit growth
Shares in Volkswagen rose more than 3% after the German car giant raised its earnings outlook for 2008.

The world's fourth-largest carmaker forecast its pre-tax profits would exceed 5.1bn euros (3.5bn; $6.7bn) in the coming year.

Recently-installed chief executive Martin Winterkom said the company planned to lift the fortunes of its key VW brand by increasing productivity.

Volkswagen unveiled full-year net profits of 2.75bn euros in February.

Shares in the Wolfsburg-based company were up 3.05% at 103.35 euros by the close of trade on the Frankfurt Stock Exchange.

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