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NEWS
Volkswagen boosts forecast
Car-making giant announces unexpected profit surgeVolkswagen Group has announced an extraordinary surge in revenues for the first quarter of 2017 as it looks move on from the darkest days of the ‘Dieselgate’ exhaust emissions infamy.
The Group Operating Result of €4.4 billion for the first three months of 2017 was underscored by a contribution of €0.9 billion from the Volkswagen brand which enjoyed brisk sales for the new Tiguan and increased profitability in Europe.
While the group’s interim report will be released on May 3, a statement from Volkswagen pointed to profit growth between six and seven per cent for the full 2017 sales year.
Which is good news for new Volkswagen Group chief Herbert Diess who was installed at the peak of the ‘Dieselgate’ crisis.
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Written byCarsales Staff
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