(1)Volkswagen surprises markets last Thursday by more than doubling its second-quarter operating profit.2)The company also increased its cash reserves to a level described by one analyst as 'exception' high.3)The German multi-brand carmaker said its operating profit in the second quarter had gone above by more than €1bn to almost €2bn.4)The increase was causing by a 20 percent jump in revenues to €61.8bn.5)The results were much better of analysts' forecasts.6)Chief executive Martin Winterkorn said that first-half earnings was much higher than the company expected.7)The German carmaker will overtake its Japanese rival Toyota as the world's largest carmaker by 2018 if everything will go according to plan.8)VW warned of a slowdown in growth in the second half of the year,but they are still very optimistic of profit.9)VW's chief financial officer,Hans Dieter Pötsch,said that the company believes sell revenue and operating profit will be significantly higher than last year's figures.10)VW expects car sales rising partly because of strong growth in China.