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VW profit tops forecast, but takes another dieselgate hit

Jul. 20, 2016 6:35 AM ETVolkswagen AG (VWAGY) StockVLKAF, VWAGYBy: Yoel Minkoff, SA News Editor
  • Volkswagen's (VLKAY) operating profit came to €7.5B in the first half of 2016, beating market expectations and pushing its shares higher.
  • Adjusted for one-off costs of €2.2B, operating profit came to €5.3B.
  • VW got another wave of heat yesterday after getting sued by New York state's attorney general, who claimed CEO Matthias Muller was told about the automaker's diesel emissions issue in 2006.

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