VW’s third quarter profit dropped by a fifth due to the European crisis and the costs of a technology overhaul.
The automaker’s operating profit dropped to 2.34 billion euro ($3.04 billion), from 2.89 billion in 2011. VW, Europe’s largest automaker, reaffirmed its plans to increase revenue and vehicle sales by the end of this year, and to reach last year’s record profit of 11.27 billion euro.
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