Volkswagen Sticks to Stable Profit Goal Shrugging Off Drop

Volkswagen AG stuck to its targets for sales growth and stable profit this year, underscoring its strength compared with European competitors such as PSA Peugeot Citroen, which is seeking state support.

Volkswagen still plans to “match” 2011’s operating income of 11.3 billion euros ($14.6 billion) this year, even after profit slipped 1.6 percent in the first nine months of 2012, the Wolfsburg, Germany-based company said today. It also stood by its target to beat last year’s sales and auto deliveries in