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Volkswagen brand recovery helps to power profit rise

Reuters  |  FRANKFURT 

FRANKFURT (Reuters) - Volkswagen reported a 28 percent jump in first-quarter operating profit, helped by a return to earnings growth at its core VW brand which has struggled to recover from the German carmaker's diesel emissions scandal.Group operating profit came to 4.4 billion euros ($4.7 billion) in the three months to the end of March, compared with 3.4 billion in the year-earlier period, Volkswagen said on Tuesday as it published key financial figures ahead of schedule.Although the group has bounced back from the scandal and overtook Japan's Toyota last year to become the world's biggest ...

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First Published: Tue, April 18 2017. 20:26 IST