VW profit jumps on new vehicles, cost controls

Frankfurt, Germany • German automaker Volkswagen has reported better-than-expected earnings for the first quarter thanks to cost controls and a stronger contribution from its core brand, which was boosted by new models including the Tiguan SUV. The company said Tuesday that it made 4.4 billion euros ($4.7 billion) in operating earnings in the January-March period, up from 3.4 billion euros a year earlier. The figure excludes financial items such as interest and taxes. The company said in a brie...

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