Volkswagen’s earnings rose strongly in the third quarter and investors welcomed the news, suggesting the company had finally turned the corner after the financially debilitating dieselgate scandal.
Volkswagen EBIT (earnings before interest and taxes) rose 15% in the third quarter to 4.13 billion euros ($5.0 billion) compared with 3.75 billion euros in the same period of 2016.
Operating profit, less emissions scandal costs, fell nearly 50% though to 1.72 billion euros ($2.0 billion).
