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Volkswagen Q1 operating profit jumps thanks to VW brand

Reuters  |  FRANKFURT 

FRANKFURT (Reuters) - Volkswagen posted 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 through March, Volkswagen said on Tuesday, compared with 3.4 billion it reported for the year-earlier period.Shares in Volkswagen jumped on the news, trading 3.5 percent higher at 135.70 euros at 1407 GMT, making them the second-biggest gainers on the STOXX Europe 600 ...

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First Published: Tue, April 18 2017. 19:59 IST