Volkswagen Cuts Sales Outlook as Profit Jumps
German auto giant Volkswagen (OTC: VWAGY) reported Wednesday that its third-quarter operating profit had jumped 68% to 4.5 billion euros ($5 billion) thanks to strong sales of SUVs and Porsches, as well as lower expenses related to the diesel-emissions scandal. But it dialed back its forecast for deliveries for the full year due to concerns about slumping global demand.
Source Fool.com