Volkswagen, Europe's largest carmaker, tore through quarterly earnings forecasts with emerging markets fuelling a sharp rise in sales and taking it closer to its goal of overtaking Toyota.
Carmakers have turned to booming markets such as Brazil, Russia and China -- now the world's largest auto market -- for growth as European markets stagnate.
VW, whose stable of brands includes Audi, Skoda and Seat, sold 14 percent more vehicles in the first quarter of the year thanks to demand from abroad and a low exposure to supply-chain problems related to the crisis in Japan.
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