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Volkswagen reports a fall in profit

24 October 2012 Last updated at 13:08 BST

The German car maker Volkswagen has reported a fall in profits over the first nine months of 2012.

Operating profit fell from €8.9bn (£7.21bn) in Q1-3 2011 to €8.8bn (£7.12bn) in Q1-3 2012.

The slump in demand for cars in Europe means it has had to cut sales targets and car production.

Jeremy Howell reports.