- 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.
VW profit tops forecast, but takes another dieselgate hit
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