Volkswagen Shrugs Off Emissions Scandal to Report Best Ever Quarterly Profit – Wall Street Journal

Posted: Wednesday, July 20, 2016

BERLIN—Volkswagen AG on Wednesday reported its best ever quarterly profit, shrugging off the impact of the emissions-cheating scandal, even as it disclosed it would take €2.2 billion ($2.42 billion) in additional charges related to diesel litigation.

The German car maker’s shares jumped more than 6% after it said first-half operating profit was €7.5 billion, boosted by an improvement at the Volkswagen brand between April and June….

Comments

Write a Reply or Comment:

Your email address will not be published.*