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SEARCHFRANKFURT -- Volkswagen AG's finance division saw a slight profit increase in 2004 and predicts flat earning for the year ahead.
FRANKFURT -- Volkswagen AG's finance division saw a slight profit increase in 2004 and predicts flat earning for the year ahead.
The head of Volkswagen Financial Services, Burkhard Breiing, said that without an economic upswing or higher consumer demand the business would not be able to improve profits significantly, reported Automotive News.
Profits at the business rose by 3.6 percent to $448 million in 2004. The finance arm prevented VW from going into the red during the first nine months of last year.
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