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VW finance arm's profit up on higher demand for diesel cars
DE) financing arm expects to post record earnings in 2016, it said on Friday, thanks to increased demand for diesel cars, a sign that the company's emissions-cheating scandal has not deterred customers. He cited cost cuts, recovering demand in southern Europe and lower-than-expected refinancing costs. We have sold more diesel vehicles in Germany this year than a year earlier and at a higher price than a year ago, Santelmann said.
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