UPDATE 3-Volkswagen beats expectations in Q2, shares soar

Newswire

(Adds management comments from conference call) By Christiaan Hetzner FRANKFURT, July 27 (Reuters) - Volkswagen AG , the world's fourth biggest carmaker, beat forecasts with a near 50 percent rise in adjusted second-quarter operating profit helped by a recovery in its core VW brand, driving its shares sharply higher. Underscoring that its long-troubled core VW brand is slowly turning the corner, the group said on Thursday that the VW Brand Group quarterly profit finally overtook those ...

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