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Volkswagen Q1 operating earnings jump on improved brand profit

Volkswagen Q1 operating earnings jump on improved brand profit

Tuesday, April 18, 2017, 8:36 PM

Volkswagen said its operating profit jumped 28% in the first quarter, helped by improved earnings at its core VW brand. Operating profit came to $4.7 billion in the three months through March, the carmaker said on Tuesday, compared with 3.44 billion it reported for the year-earlier period. It said it still expected to report a full-year return on sales between 6-7% this year.
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