March 14, 2012 / 10:58 AM / 5 years ago

VW vans eye repeat of 2011 profit this year

HANOVER, Germany March 14 (Reuters) - Volkswagen's commercial vehicle division has a goal of matching last year's profit result in 2012, Klaus-Dieter Schuermann, the unit's chief financial officer, said at a press conference in Hanover on Wednesday.

The division almost doubled its operating profit to 449 million euros ($589 million) in 2011 and increased revenue by 22 percent to almost 9 billion euros. ($1 = 0.7628 euros) (Reporting By Andreas Cremer)

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