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VW shrugs off 1 billion euro legal hit with higher SUV sales

Reuters Thursday, 2 May 2019
Sales of higher-margin sports utility vehicles and cost cuts helped Volkswagen shrug off a 1 billion euro legal charge to meet first-quarter operating profit forecasts on Thursday, sending its shares 4.7 percent higher.
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News video: Volkswagen Shrugs Off 1 Billion Euro Legal Hit With Higher SUV Sales

Volkswagen Shrugs Off 1 Billion Euro Legal Hit With Higher SUV Sales 00:31

Sales of higher-margin sports utility vehicles and cost cuts helped Volkswagen shrug off a 1 billion euro legal charge to meet first-quarter operating profit forecasts on Thursday, sending its shares 4.5 percent higher. Earnings before interest and taxes (EBIT) fell to 3.9 billion euros from 4.2...

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