Cost cuts, new models to boost VW operating profit

Newswire

By Christiaan Hetzner FRANKFURT, July 25 (Reuters) - Volkswagen is expected to report a 5.4 percent gain in second-quarter operating profit thanks to continued cost cuts and a rejuvenated model line-up, a Reuters poll showed. Europe's largest carmaker should increase operating profit to 685 million euros ($827 million) before one-off effects compared with 650 million a year earlier, according to the average in a survey of 12 analysts. "VW's dilemma is to report OK, but not too good, ...

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