Volkswagen Lifts Sales Outlook as Profit Rises - News Summed Up

Volkswagen Lifts Sales Outlook as Profit Rises


BERLIN—Volkswagen AG on Thursday reported sharply higher profit in the three months to Sept. 30, including strong earnings at its Audi and Porsche units, but little improvement at the core Volkswagen brand, which is the focus of tense restructuring talks with unions. Volkswagen’s management has been negotiating with worker representatives for months over cost cuts to boost profitability. Talks have foundered over labor demands for...


Source: Wall Street Journal October 27, 2016 07:34 UTC



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