Sunday, 31 December 2017

VW is raising its profits forecast. Has it cleared the air over dieselgate already?

The company’s resilient sales have created a platform for it to overcome the disgrace of manipulated emissions tests

After a bruising two years, there are signs that Volkswagen is overcoming the damage to its reputation, and finances, wrought by revelations that it had cheated on emissions tests.

In November, the Wolfsburg-based manufacturer said it would post record vehicle deliveries this year and higher annual profits. VW, which also owns Porsche, Audi and Bentley among other brands, said it expected to sell more than 6 million Volkswagens this year, boosted by a strong performance in China, Europe and the US.

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from US news | The Guardian http://ift.tt/2DARhwD

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