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VW back to profit after Dieselgate blow

Oct. 27, 2016 4:40 AM ETVolkswagen AG (VWAGY) StockVLKAF, VWAGYBy: Yoel Minkoff, SA News Editor
  • Volkswagen (VLKAY) made €2.3B in net profit in the third quarter after a massive loss a year ago over its emissions cheating scandal.
  • Brands such as Skoda, Bentley and Porsche managed to improve operating profit through increased sales and exchange rate effects.
  • VW also raised its full-year guidance for group revenue despite setting aside an additional €400M in Q3 relating to Dieselgate.

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