Volkswagen, Europe’s largest carmaker, reported slowing earnings growth as the impact of the sovereign debt crisis weighed on demand in its home region.
Second-quarter operating profit rose 3.4 percent to 3.28 billion euros ($3.98 billion), the Wolfsburg, Germany-based company said today. That compared with a first-quarter increase of 10 percent. Second-quarter revenue gained 19 percent to 48.1 billion euros. Sales climbed 26 percent in the first quarter.