China's strong demand jumps up VW profits

Berlin - Europe's biggest carmaker, Volkswagen posted on Thursday 8.8% jump in 2014 profit but warned that the global auto business could face a tough year despite strong demand in China's fast-paced market.

Operating profit climbed to €12.7bn last year from €11.7bn in 2013, the Germany-based group said. Revenue last year gained 2.2% to €202.5bn.

Helping to power VW's earnings was a 21% rise in operating profit from the carmaker's operations in China.
Operating profit from China climbed from €4.3bn in 2013 to €5.2bn last year, the group said.