Volkswagen profits leap in Q3 as diesel costs fade

PTI Updated - October 30, 2018 at 02:49 PM.

FILE PHOTO

German car giant Volkswagen reported a giant leap in third-quarter profits Tuesday, more than doubling the figure year-on-year to 2.76 billion euros (USD 3.14 billion) but falling short short of analysts’ expectations.

July to September saw no repeat of a payout in the billions the firm had to make over its “dieselgate” emissions cheating scandal in the same period last year, although it was weighed down by new tougher air pollution tests for cars introduced following the revelations.

Published on October 30, 2018 09:17