Volkswagen brand profit jumps in first half

Newswire

FRANKFURT, July 27 (Reuters) - Volkswagen reported operating profit before items at its core VW brand more than doubled to 981 million euros ($1.35 billion) in the first half from 387 million a year earlier, helped by cost cuts, it said on Friday. Its troubled Spanish brand SEAT narrowed its first half loss to just 7 million from 61 million euros a year earlier. Commercial Vehicles, which could merge some of its business with European truckmakers MAN and Scania , boosted its operating ...

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