Volkswagen Reveals Strong First-Quarter Operating Profit – Wall Street Journal (subscription)

Posted: Tuesday, April 18, 2017

BERLIN—Volkswagen AG on Tuesday reported higher than expected pretax profit as first-quarter earnings at the namesake VW brand beat expectations on the back of strong sales of new models and cost-cutting.

The world’s biggest auto maker by sales released a few preliminary figures that show the results of a massive restructuring at the VW brand, the company’s biggest business by sales, and revamping of models to tap global demand for…


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