German carmaker Volkswagen confirmed Wednesday tht its operating profit rose by 21 percent to 1.3 billion euros (around 2 billion U.S. dollars) in the first quarter of the year.
Volkswagen, Europe's biggest carmaker, attributed the profit jump to the rise of delivery of new cars aross the world.
In the first three months, the giant had delivered 1.57 million vehicles worldwide, increased by 7 percent.
The Wolfsburg-based giant also said its profit after tax climbed by about 26 percent to 929 million euros (around 1.443 billion U.S. dollars) in the first three months of this year.
"The success of our products shows that our new model rollout is meeting with an excellent response from our customers," Volkswagen chairman Martin Winterkorn said.