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In other decisions Saturday, the Wolfsburg-based group said the CEO of the company's high-end brands Bentley and Bugatti, Wolfgang Duerheimer, will join Audi as its new head of technical development department. Most of the management appointments -- 30 in total -- will come into effect in September, it said. Volkswagen reported in April that its first quarter net profit rose to (EURO)3.19 billion from (EURO)1.71 billion as revenue grew by a quarter to (EURO)47.33 billion. The company's earnings were also boosted by big profit on financial items stemming from share options related to the company's attempt to fully integrate sports car maker Porsche. Volkswagen has some 500,000 employees worldwide and sold about 8.3 million cars last year. The company hopes to sell 10 million cars a year by 2018 and become the world's number one carmaker.
[Associated
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