BERLIN—Volkswagen AG swung to a profit in 2016 after its biggest-ever loss in 2015 and also unveiled a new executive pay structure to quell investor ire over big bonuses paid to top management in the wake of its emissions-cheating scandal. “Despite the crisis, the group’s operating business gave its best-ever performance,” Chief Executive Matthias Mueller said in a statement. “This makes us optimistic about the future.”...

Source: Wall Street Journal February 24, 2017 19:21 UTC