Bloomberg News

AAA Targets 11% Car Sales Rise, Topolova Tells Hospodarske

July 20, 2012

AAA Auto Group NV (AAA) plans to sell as many as 50,000 vehicles this year, an increase of 11 percent from last year, Chief Executive Officer Karolina Topolova told Hospodarske Noviny in an interview.

The company’s Russian branch in Moscow, which was opened last year, broke even recently and should become profitable, the executive told the newspaper. The company’s current share price doesn’t reflect the earnings growth and the overall market development, Topolova told Hospodarske.

To contact the reporter on this story: Lenka Ponikelska in Prague at lponikelska1@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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