Volkswagen posted preliminary first-quarter results in line with expectations and reaffirmed its full-year targets ahead of what is expected to be a tension-filled AGM tomorrow (24 April).

Vehicle deliveries were up 7% to 1.6m vehicles and operating profit rose 21% to EUR1.31bn (US$2.09 billion), a little better than an average forecast of EUR1.3bn from a Reuters poll of 18 analysts.

The news agency said the automaker reiterated its forecast for higher vehicle sales, revenue and operating profit in 2008 as it rolls out new models like the four-door coupe Passat CC and the revived Scirocco.