The famous German automaker Volkswagen manages to score a higher profit report even after the barrage of scandals the auto company had to face this year.
The German auto giant said net profit for the period rose 45% to EUR3.35 billion ($3.66 billion), boosted by cost cutting and higher margins at its VW brand.
VW said the "robust" results were due to volume and mix-related factors, positive exchange rate effects and product cost optimization, along with an improvement in the VW brand's earnings, which rose to $948.3 million from $79.6 million a year earlier.
Despite this, Volkswagen has continued to sell a high number of vehicles with high profit margins, which saw the manufacturer's operating profits rise to €869m from €73m the year before.
VW confirmed that its operating profit increased by 28 percent to 4.4 billion euros in the three-month period, raising the return on sales to 7.8 percent.
FBI director 'feels nauseous' over Clinton emails Comey confirmed in March the FBI was investigating possible collusion between Trump surrogates and Russian Federation . Comey was asked if he was looking into whether FBI agents may have leaked information about the Clinton investigation.
Share with Us - We'd love to hear eyewitness accounts, the history behind an article, and smart, constructive criticism.
"Our efforts to improve efficiency and productivity across all areas of the company are also paying off", chief executive Matthias Mueller said. The Group's financial result rose by Euro 0.5 billion to Euro 0.3 billion.
Volkswagen said profit at its troubled core division soared in the first quarter, a sign that long-overdue cost cuts are materialising as the carmaker pushes a post-dieselgate strategic shift. It's also starting to weed out a convoluted sales structure. In addition, we will continue to systematically promote our TOGETHER - Strategy 2025 future program and focus on the Volkswagen brand's Future Pact and cost discipline across the entire Group.
Revenues at the group, whose stable of 12 brands ranges from luxury Audi to generalist VW and lower-end Skoda, grew 10% to €56.2 bn. Over the next five years, the German auto giant plans to invest about 9 billion euros on battery-powered and hybrid cars, triple its previous spending level. The expansion of the global model and technology portfolio in the period under review also led to higher depreciation and amortization charges.
She said: "Today, I call on everyone to sharpen their minds to defend the freedoms that are essential for justice and peace". All the journalists were found to be regularly engaged on social media platforms with 95% of them engaged professionally.
During debates, Democrats criticized the president while Republican leaders and the president refocused on health care. There is also disaster aid package that includes funding for California, West Virginia, Louisiana, North Carolina.
Ankara claimed it had targeted militants of the banned Kurdistan Workers Party (PKK) who were preparing attacks in Turkey . Yıldırm reportedly added that "cooperation against terrorism would continue". "And that's not what happened here".
After arriving, he told angry workers that the only reason that the anti-EU Le Pen had come was "because I'm here". Le Pen wants to pull France out of the European Union , which Macron wants to strengthen.
It also directs Zinke to review the locations available for offshore drilling under a five-year plan Obama signed in November. FILE - In this May 14, 2015 file photo, the oil drilling rig Polar Pioneer is towed toward a dock in Elliott Bay in Seattle.
Quakes that measure six in magnitude or higher are generally considered large, according to the Ministry of Natural Resources. This was over 60 miles from Haines and around 50 miles from Skagway, near the Canadian border.
He was dethroned by former Wolfpack quarterback Russell Wilson before ever earning a start with Seattle. "I know he went to N.C. He fills a need for the Chicago Bears who have the oft-injured Zach Miller as their top tight end option.
The French mentor added: "When at Arsenal football club we want the team to turn up in big games and I think we done that today". Leicester captain Wes Morgan (hamstring) and striker Islam Slimani (groin) have both been ruled out of the Arsenal match.
1 dead, 3 hurt in University of Texas stabbings
The site of the attack was along a tree-covered avenue that is a major thoroughfare for students walking to and from class. Former high school classmate Angela Bonilla, who now attends UT, told the Herald that "no one expected him to do this".
Hillary Clinton opens up about what cost her election
The popular vote has been a source of contention with Trump, who argues that he essentially won the popular vote over Hillary. Clinton gave her inspirational speech in a room full of 1000 people - mostly women - including fellow fighter Meryl Streep .
Houston Chef Again Wins James Beard Award
It shares a front door with his other renowned restaurant, Frontera Grill, which won the outstanding restaurant award in 2007. The only local chef to win a prestigious James Beard award in 2017, Furstenberg was named "Outstanding Baker" last night.
Modi salutes worker's determination on Labour Day
If you know of any rallies or march taking place to honour the day , do join and do not forget to keep it peaceful. The Labour Day is a special occasion when people worldwide celebrate the true spirit of the working class.
Fox sacks Bill O'Reilly amid harassment storm
In 2004, O'Reilly and a former producer of his show were involved in a heated legal battle, in which he alleged extortion. And then he said, 'What am I going to do? He had initially planned to return to his The O'Reilly Factor show on April 24.