Turnover rose slightly, by 1.2% to €4.55bn, thanks in part to the increased appeal of VW's revamped Multivan. The cost of investment rose 18% - to €675m - compared to 2002.
VW Commercial Vehicles expects increased sales this year from the new Transporter and the launch of the replacement Caddy, while a new LT, the Microbus and a new generation truck will help boost volumes over the next two years. The run-out Transporter and the new Caddy are both to be added to VW's models built in China next year.
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