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Volkswagen Group posted higher-than-expected operating profit in the third quarter, boosted by strong demand for Audi and Porsche models in Europe and China.

Earnings before interest and taxes rose 16 percent to 3.23 billion euros ($4.1 billion) at Europe's largest automotive group, VW said on Thursday, beating analyst estimates.

Buoyed by a recovery in core European markets, the automaker stuck to its guidance for a 2014 operating profit margin between 5.5 percent and 6.5 percent, after 5.9 percent last year.



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Audi And Porsche Lead Volkswagen To Higher Than Expected Profits

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