BERLIN—Volkswagen AG on Wednesday confirmed its outlook for the full year and reported a sharp rise in first-quarter profit despite the ongoing fallout from its emissions-cheating scandal. The German car giant said net profit for the period rose 45% to €3.35 billion ($3.66 billion), boosted by cost cutting and higher margins at its VW brand. Adjusted operating profit, which strips out one-off items, gained 27% to €4.4 billion....

Source: Wall Street Journal May 03, 2017 08:37 UTC