Volkswagen says its profits have soared so far this year as a huge cost-cutting effort starts to pay off and as it prepares to invests billions of euros in developing electric cars, new mobility services and self-driving technology.
For the VW brand alone operating profit surged to 869 million euros between January and March from 73 million a year earlier even as its sales slipped 1.3 percent to 1.44 million vehicles.
