FRANKFURT: Volkswagen, Europe's biggest car maker, said on Thursday it is sticking to its full-year profit targets following a strong rise in profits in the third quarter.
"The Volkswagen group reported a robust performance in the first nine months of 2014, despite the ongoing uncertain market environment," said chief executive Martin Winterkorn.
"Given the group's current performance, I am convinced that we will meet our goals for fiscal year 2014," he said.
Volkswagen said its net profit jumped by 57.7 percent to 2.928 billion euros ($3.7 billion) in the period from July to September.
Underlying or operating profit rose by 16.3 percent to 3.23 billion euros on a 4.1-percent rise in sales to 48.91 billion euros.
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