Volkswagen Returned to Profit in First Quarter After Huge Loss Last Year – Wall Street Journal

Posted: Tuesday, May 31, 2016

BERLIN—Volkswagen AG posted a profit in the first three months of the year, but earnings plunged at its Volkswagen-brand unit and in China, its biggest single market, demonstrating the German car maker has far to go in recovering from its diesel-emissions scandal.

The world’s largest car maker by sales is struggling with the costs of resolving the emissions-cheating affair. The pressure comes as Volkswagen prepares to unveil in June…

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