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Markets News

RPT-Volkswagen returns to profit as pandemic recovery continues

(Repeats to additional subscribers)

Oct 29 (Reuters) - Volkswagen AG said on Thursday it had returned to profitability in the third quarter, helped by a surge in demand for premium cars, despite an overall drop in global vehicle deliveries during the COVID-19 pandemic.

The German multi-brand car and truck maker said that excluding one-time items, its third-quarter operating profit came in at 3.2 billion euros ($3.78 billion), compared with 4.8 billion euros in the year-ago period.

$1 = 0.8461 euros Reporting By Nick Carey, Editing by Sherry Jacob-Phillips

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