Volkswagen Financial Services aims to exceed its 2010 pretax profit of EUR870 million in 2011 due to rising automobile sales in emerging markets and moderate growth in established markets, Volkswagen Financial Services Chief Executive Frank Witter said Tuesday.

This year, Volkswagen Financial Services, the financial arm of Volkswagen AG (VOW.XE), expects refinancing costs to rise only slightly and risk costs to reduce.

-By Katharina Becker, Dow Jones Newswires, +49 69 29 725 500, katharina.becker@dowjones.com
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