Diesels Power Profit Gains by VW's Lending Unit

Newswire

HANOVER, Germany, Dec 2 (Reuters) - Volkswagen's financing arm expects to post record earnings in 2016, it said on Friday, thanks to increased demand for diesel cars, a sign that the company's emissions-cheating scandal has not deterred customers. Operating profit at Volkswagen (VW) Financial Services may exceed 2 billion euros ($2.1 billion) for the first time, after the division previously indicated it expected earnings to match last year's 1.92 billion, Lars Henner ...

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