VW's financing arm aims to at least match 2013 profit in 2014
HANOVER, Germany Dec 11 (Reuters) - Volkswagen's financial services division aims to at least match this year's operating profit in 2014 as auto demand in core European markets looks set to improve.
"The goal must be not to drop behind the previous year's level," the unit's chief executive, Frank Witter, told reporters in Hanover late on Tuesday.
The division, which makes new car loans and funds leasing deals for Europe's largest carmaker, also said that operating profit in 2013 would at least match last year's 1.4 billion euros.
New car sales in western Europe, destination of about a third of VW group deliveries, is expected to increase 2 percent in 2014 to 11.6 million autos after a 3 percent drop this year, Germany's VDA industry association said last week. (Reporting by Jan Schwartz. Writing by Andreas Cremer. Editing by Ludwig Burger)
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